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Bisleri International Receives Mahatma Award 2026 for CSR Excellence
New Delhi [India], October 1: Bisleri International Pvt. Ltd., India's leading packaged drinking water company, has been conferred with the prestigious Mahatma Award for the second time. The CSR Excellence Award recognises Bisleri's commitment to water conservation, plastic waste management, and community engagement under Greener Promise, its flagship sustainability program. This year, the Mahatma Award received over 1,900 entries, of which only 70 winners were recognised across diverse categories.
Sebi keeps Inox Clean Energy's IPO papers to raise 10K cr in abeyance
Markets regulator Sebi has kept in 'abeyance' the draft offer documents of Inox Clean Energy Ltd, which is looking to raise up to Rs 10,000 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 8,000 crore and an offer-for-sale (OFS) of shares, amounting to Rs 2,000 crore by promoter Devansh Jain, according to the draft red herring prospectus (DRHP). The status of the issue was updated by the Securities and Exchange Board of India (Sebi) on Thursday under the list of IPOs whose observations have been kept in abeyance. The company had filed its draft papers with the regulator on September 29. Without specifying reasons, the regulator stated that the issuance of observations (has been) kept in abeyance, according to an update on its website. The proposed issue could rank among the largest IPOs in India's private-sector renewable energy space. Inox Clean Energy, part of the INOXGFL Group, proposes to use the procee
Jio Platforms IPO in final stages after concluding worldwide roadshows
Jio Platforms is on the verge of launching what is projected to be the largest public offering in India, targeting USD 3.8 billion. International roadshows spearheaded by Akash Ambani and Isha Ambani have garnered interest. Following approval from Sebi, Jio Platforms plans to release new equity shares, constituting about 2.9 percent of its base.
Tata nearly doubles EV registrations, Mahindra overtakes MG in September
Vahan data show EV registrations surging 94.7 per cent y-o-y during the month
RBI eases bank stake rules, allows one-time approval for MFs, insurers for holdings up to 10%
The Reserve Bank of India (RBI) on Thursday finalised its July proposal to simplify bank shareholding rules, allowing eligible mutual funds, insurance companies and pension funds to seek one-time approval for subsequent acquisitions of major shareholding of up to 10 per cent in the same bank.
ACKO launches three products across motor, health and travel
Digital insurer ACKO has rolled out three innovative offerings designed for motor insurance, healthcare, and travel needs. The DriveCam is a cutting-edge dashcam that captures driving footage, boosting safety and providing critical evidence. ACKO Clinic enables Bengaluru residents to access healthcare services, including doctor consultations and health check-ups. Meanwhile, AirPass is a travel subscription service that assists domestic flyers in handling delays and cancellations, aiming to proactively engage customers.
Janitech Explores Russian Technology and Indian Manufacturing for Next-Generation Security Solutions
New Delhi [India], October 1: India's public-safety and security technology landscape is evolving rapidly, with a growing emphasis on indigenous capabilities, domestic manufacturing and the integration of advanced technologies. Within this broader ecosystem, technology transfer and strategic international collaborations can complement India's efforts to strengthen local production and technical capabilities. Against this backdrop, Ahmedabad-based Janitech Solutions Private Limited is exploring opportunities to introduce selected Russian technologies to India while examining the potential for local manufacturing and domestic integration.
Inox Clean Energy IPO papers kept in abeyance by Sebi
The Securities and Exchange Board of India has temporarily suspended the draft offer documents for Inox Clean Energy's upcoming initial public offering. The company aims to raise a substantial Rs 10,000 crore, including new equity shares and a sell-off from its promoters. With operations in renewable energy and solar manufacturing across India and Africa, this IPO is set to bolster its position in the expanding green energy market.
English and Hindi texts differ on EV energy measurement; the headline 30 km/l equivalent benchmark does not translate into the same physical fuel consumption
Nykaa Fashion launches Hidden Gems accelerator for home-grown brands
The initiative covers Indianwear, Westernwear, jewellery, bags and footwear, with participating brands receiving marketing, account management and financing support
Reliance Home Finance case: CBI files second charge sheet
No immediate reaction was received from the Reliance ADA Group on the development
Anup Bagchi has been appointed managing director and CEO of HDFC Bank, effective October 27, 2026. He transitions back to banking after a three-year stint at ICICI Prudential Life Insurance. Bagchi's extensive experience spans various roles in retail, corporate, and investment banking sectors. The Reserve Bank of India approved his appointment and he will also become an additional director at the bank.
Carlsberg India IPO gets Sebi approval along with three other public offers. Check details
Indias IPO pipeline expands as Sebi clears papers for Carlsberg India, Matangi Rubber, Ujin Pharma and TMC Transformer. The approvals come amid strong primary-market activity, with over 50 companies filing draft IPO papers in September despite volatility in broader equity markets.
HDFC Bank board appoints Anup Bagchi as MD, CEO with effect from October 27
HDFC Bank board appoints Anup Bagchi as MD, CEO with effect from October 27
Lure Holdings eyes $2.5 billion in annual branded realty projects in India
The US-based platform will partner with Indian developers through Ciril to curate branded projects, initially targeting eight markets with access to over 300 global brands
RBI approves ICICI veteran Anup Bagchi as new HDFC Bank CEO
RBIs decision ends speculation over who will lead HDFC Bank, which has been mired in multiple controversies in recent months.
HDFC Bank names ICICI veteran Anup Bagchi as MD & CEO
HDFC Bank appointed Anup Bagchi as Managing Director and CEO, following Reserve Bank of India's approval. Bagchi succeeds Sashidhar Jagdishan, whose tenure ends on October 26, 2023. He has over three decades of experience in financial services, primarily with ICICI Group. Bagchi's leadership positions include executive director at ICICI Bank and CEO at ICICI Prudential Life Insurance. His appointment reflects a thorough assessment of his experience across various banking sectors.
Bharat Dynamics among 5 capital goods stocks that hit 52-week lows and slipped up to 17% in a month
Five capital goods stocks hit fresh 52-week lows as Sensex tumbles
Airtel Money targets $7 billion valuation, plans $703 million London IPO
London's stock market has shrunk over the past decade as companies have sought higher valuations elsewhere, prompting Britain to simplify listing rules in an effort to attract more issuers.
Nykaa Fashion offers six-month zero-commission model for apparel brands
Brands joining Nykaa Fashion's Hidden Gems accelerator will pay no commission for six months and gain access to marketing support, mentorship and preferential visibility
Indian equities extended their decline as elevated crude oil prices and multi-year high bond yields intensified concerns over the 202627 economic outlook. Nifty fell 0.88% and Sensex 0.79%, while broader markets weakened and India VIX climbed sharply.
Beyond Veneers: How USD by Advance Dental Export Is Redefining the Way India Looks at Smile Design
New Delhi [India], October 1: For years, conversations around cosmetic dentistry have often started with a treatment: veneers, crowns, whitening or aligners. A patient would discuss a concern, the dentist would assess the case, and the conversation would move towards which treatment could address it.
MRPL withdraws export tenders after September 30 fire incident
The company said the tenders could be refloated soon after assessing the situation, with no material impact on commercial operations
HEG Advanced Materials secures 127.35-crore lithium-ion battery bank order
The order will see the company supply battery banks to Indus Towers subsidiary Replus Engitech, with deliveries scheduled through May 2027.
Adani Group-backed Vishakha Renewables files DRHP for IPO with 1,250 cr fresh issue
The company may also consider a pre-IPO placement of up to 250 crore. If such a placement is completed, the size of the fresh issue will be reduced accordingly
Noel Tata faces fresh challenges in the Tata Sons boardroom battle as SDTT vice-chairmen Srinivasan and Singh allege he advanced a restructuring plan without trustee consultation. Srinivasan has also challenged Noels trustee status, 2024 reappointment and Tata Trusts influence over Tata Sons.
Renaissance keen to invest 5,000 crore in Tumakuru: MB Patil
The company has highlighted two key requirements for the proposed facility 80 MW of power and 10 MLD of water
Durga Puja 2026: Kolkata's Ultimate Pandal-Hopping, Food and Shopping Guide with inDrive
Kolkata (West Bengal) [India], October 1: Durga Puja turns Kolkata into a city that never quite stops moving. From the first shopping trip for new clothes to the last plate of biryani after the final pandal on Dashami night, the festival is really one long, joyful itinerary and half the fun is figuring out where to go next. Here's a starter guide to celebrating Puja like a true Kolkatan this year: the pandals, the food, the shopping, the age-old North-versus-South debate, and a few tips on getting around without the stress.
Indias concert economy is expanding rapidly, but the experience goes beyond the performance. Traffic, parking, crowd management and last-mile connectivity remain key challenges, while organisers are increasingly exploring data, AI and better transport planning to manage large crowds.
Ethanol blending a step towards diversification of agricultural sector: Nitin Gadkari
Nitin Gadkari said that since 2022, four crore four-wheelers and 20 crore two-wheelers have been running on petrol mixed with ethanol
Is AI becoming a silent partner in US Mass shootings? Report details dangerous gaps
A new report from Everytown for Gun Safety says chatbot companies may be overlooking warning signs that could help prevent US mass shootings.
HC asks if Parth Pawar did not benefit from Mundhwa land deal? grants pre-arrest bail to accused
The Bombay High Court has raised concerns about the involvement of Parth Pawar in a disputed land transaction. Parth Pawar, who holds a 99 percent stake in Amadea Enterprises, purchased government land at a significantly reduced price. The court highlighted discrepancies in the investigation, questioning why Parth was not named as an accused. A Pune Tehsildar has been granted pre-arrest bail despite being implicated in the case.
Tamil Nadu Chief Minister C Joseph Vijay announced cash incentives for squash players Joshna Chinappa and Shameena Riyaz. They contributed to the Indian women's team winning a bronze medal at the 20th Asian Games in Japan. The state government recognized their achievement and pledged Rs 30 lakh each for their success. This reward aims to encourage athletes from Tamil Nadu who excel in competitions.
Delhi court orders framing of money laundering charges against Yasin Malik and six others
A New Delhi court has ordered framing of money-laundering charges against Yasin Malik and six others, including Lok Sabha MP Engineer Rashid. The prosecution alleges that the accused were part of a network that received more than Rs 8.9 crore through hawala channels from Pakistan to fund secessionist activities and violence in Jammu and Kashmir.
Mohali (Punjab) [India], October 1: Mitsubishi Electric India Pvt. Ltd. inaugurated a Centre of Excellence (CoE) at Chandigarh Group of Colleges (CGC), Landran, Mohali, to provide engineering students with practical exposure to industrial automation technologies and strengthen industry-academia collaboration.
PB Fintech shares crash 50% from peak, fall below 2021 IPO price. More downside coming?
PB Fintech shares plunged 50% from their all-time high to drop below the 2021 IPO price of Rs 980. The sharp six-day selloff follows proposed IRDAI regulatory curbs on insurance distribution, prompting brokerages like Bernstein and Jefferies to cut target prices amid earnings pressure concerns.
IndianOil brings packaged water to the pump in a non-fuel revenue push
State-owned IndianOil has invited expressions of interest from aggregators to manufacture, distribute and roll out its own packaged drinking water brand across its nationwide retail network
FY27 comeback: India IPOs raise record Rs 94,000 crore in first half, average listing gain doubles
Indian mainboard IPOs raised a record Rs 94,205 crore in H1 FY27, up 35% year-on-year, driven by a strong late-quarter surge in August and September. Average listing gains jumped to 19% from 7% last year, while overall public equity market fundraising touched Rs 2.43 lakh crore.
Paramount Skydance's David Ellison said that former Mattel Inc. chief Ynon Kreiz will be co-CEO of the combined companies after completing the pending $110 billion acquisition of Warner Bros. Discovery Inc.
Gas maker Inox Air Products files IPO papers with Sebi, public issue to entirely comprise OFS
Inox Air Products has filed IPO papers with Sebi for an issue entirely comprising an OFS of 7.7 crore shares, with no fresh issue component. The industrial and medical gas maker reported a 4% rise in FY26 net profit to Rs 914 crore and 9% growth in revenue to Rs 3,034 crore.
Anarock Property Consultants files DRHP to raise 1,000 cr via IPO
The issue comprises a fresh issue of up to Rs 550 crore and a Rs 450 crore OFS, with proceeds earmarked for AI, talent expansion and acquisitions
Senses Electronics Launches SenseEye: Innovative AI Face Recognition Attendance for Smart Classrooms
New Delhi [India], October 1: Senses Electronics brings AI attendance and classroom analytics to its interactive flat panels, the best choice for schools, with facial data stored on the school's own servers
Inox Air Products files IPO papers; issue size not disclosed
Inox Air Products has unveiled a draft red herring prospectus as it seeks to raise substantial funds through an initial public offering. As a leading entity in Indias pure-play industrial gases sector, the firm, led by Pavan Kumar Jain, is set to sell existing shares specifically from its promoter group.
Adani Green Energy expands BESS capacity, achieves 70% of FY27 target
Adani Green Energy Ltd (AGEL) has expanded its operational battery energy storage system capacity to 6.63 GWh, which can store enough clean energy to power around two million homes a day. With this, the company has achieved almost 70 per cent of the company's target for FY27. The 6.63 GWh battery energy storage system (BESS) supports peak electricity demand of cities like Nagpur, Patna or Vizag for several hours. The company now accounts for more than 50 per cent of India's operational BESS capacity of about 12.6 GWh, AGEL said in a statement on Thursday. The Adani Group entity said it has achieved the 6.63 GWh milestone within 14 months of commencing on-site BESSconstruction at Khavda, and is on track to add over 10 GWh of BESS capacity in 2026-27. As of June 2026, AGEL had 3.55 GWh of operational BESS capacity. The company is targeting 50 GWh of storage capacity over the next 5 years. The BESS uses lithium-ion battery technology, integrated with an energy management systems (E
Tata Motors PV shares fall over 3% despite 40% Q2 sales growth; Nifty Auto index down over 4%
Tata Motors Passenger Vehicles shares dipped on Thursday despite a 40% year-on-year rise in Q2 FY27 sales, while the Nifty Auto index declined more than 4%. The company reported strong growth across passenger vehicles and EVs, with quarterly EV sales rising 90%. Investors are now watching festive-season demand and broader auto-sector trends.
Insurance penetration stays low as operating costs rise faster than premiums: McKinsey
India's insurance penetration is at 3.7 per cent of GDP, which is below the global average. While life insurance premiums grew, the number of individual policies sold declined in recent years. The Insurance Regulatory and Development Authority of India is examining changes to improve affordability and transparency in distribution costs. Constraints on insurance growth now relate more to product relevance and trust rather than access.
Maruti Suzuki India total sales rise 24% to 236,000 units in September
Maruti Suzuki India Ltd on Thursday reported a 24.4 per cent rise in total sales at 2,36,013 units in September, as compared to 1,89,665 units in the same month last year. The total figure includes domestic, exports and sales to other original equipment manufacturers. Total domestic passenger vehicle sales rose nearly 37 per cent to 1,81,838 units last month from 1,32,820 units a year ago, a regulatory filing by Maruti Suzuki India said. Total domestic sales, including LCVs (light commercial vehicles), were at 1,85,252 units in September as against 1,35,711 units a year ago, the company said. Total exports increased to 44,219 units in September from 42,204 units in the same month last year. Sales of mini, compact and mid-sized cars, including Alto, Baleno, Celerio, Ciaz, Dzire, Ignis, S-Presso, Swift and WagonR rose to 91,887 units last month from 74,090 units in September 2025. Sales of utility vehicles consisting of Brezza, Ertiga, e Vitara, Fronx, Grand Vitara, Invicto, Jimny,
Religares former chairperson Rashmi Saluja seeks extension in SAT matter; next hearing on October 9
Saluja seeks more time as SEBIs UPSI case hinges on open-offer timing; next SAT hearing set for October 9 after May ruling on disgorgement and penalties
Institutional investors pick up Honasa shares in 643-crore block deal, shares in red
Franklin Templeton Mutual Fund and ICICI Prudential Life Insurance among the buyers
Two tractor stocks: Escorts Kubota shares fall 6%; VST Tillers shares rally 5% after September sales
Escorts Kubota shares fell sharply on Thursday after September tractor sales declined 16.7% year-on-year, while VST Tillers shares rose 5% as total sales jumped 33%. Escorts cited a high base, festive season shift, patchy monsoon and lower Kharif sowing. Brokerages expect rural demand, festive buying and improving liquidity to support auto-sector volumes.
8 weeks, 2,000 points gone: Niftys longest losing streak in 25 years raises bear market fears
The Niftys record losing streak has deepened as foreign investor outflows, elevated US bond yields, and geopolitical tensions weigh on sentiment. Analysts say markets remain sensitive to developments in the US-Iran conflict and crude prices, despite resilient domestic growth. Technicals point to a weak near-term outlook, with support at 22,50022,550 and resistance at 22,80022,900. Investors are watching whether they are selling eases.
NMIMS School of Business Management MBA 2027 Application Closes on 10 October
Mumbai (Maharashtra) [India], October 1: Applications for the MBA 2027 intake at NMIMS School of Business Management (SBM) are set to close on 10 October 2026, giving aspiring management professionals a final opportunity to apply.
MTNL shares rally 17% as board approves Rs 892 crore Powai property sale amid debt worries
MTNL shares rose sharply after the companys board approved the sale of its Powai property in Mumbai to the Income Tax Department for Rs 891.53 crore. The asset monetisation comes as the debt-laden PSU seeks to reduce liabilities, which stood at around Rs 40,000 crore in FY26, according to the government.
Not consulted on Tata Sons reorganisation letter: SDTT vice-chairmen
Venu Srinivasan and Vijay Singh said no SDTT meeting had authorised the September 28 proposal and called for collective deliberation on its legal, financial and governance implications
Kotak Mahindra Bank shares rise on new CEO appointment
The stock opened sharply higher at 426.00 against a previous close of 417.00 and touched an intraday high of 435.60 before paring gains through the session.
RIL Q2 Results: Nuvama sees 17% EBITDA growth, led by O2C biz. Heres what to expect
Reliance Industries is expected to report 17% year-on-year growth in Q2FY27 EBITDA to Rs 53,700 crore, led by stronger refining margins and higher throughput, according to Nuvama Research. While the O2C business is likely to drive near-term earnings, New Energy could emerge as a key growth driver, with EBITDA projected to reach Rs 20,100 crore by FY30. Nuvama retains its Buy rating with a target price of Rs 1,766.
Bajaj Auto shares slide 6.5% as domestic two-wheeler sales disappoint in September
The stock opened at 10,701, well below its previous close of 10,874, and hit an intraday low of 9,900, close to its lower circuit band of 9,787, before recovering marginally
Selling deepens into midday; auto and metals lead declines as FII outflows cross 26,000 crore
The selloff came despite softer crude oil prices, with WTI crude trading in the $89$90 per barrel range, down 0.79 per cent on the day, after retreating from an intraday high of $90.69.
Highway Infrastructure secures 245 cr toll contracts in UP, Tamil Nadu
The company has secured tolling contracts for the Gorakhpur Link Expressway and Velanchettiyur Fee Plaza, and expects over 400 crore revenue from the vertical in two years
The Indian stock market endured a notable downturn, with both Sensex and Nifty witnessing considerable drops. In a single day, Foreign Institutional Investors offloaded equities worth more than Rs 10,000 crore. The climb in bond yields added to negative investor sentiment, exacerbating market volatility. Additionally, the rupee weakened against the dollar, pushed down by soaring Treasury yields.
Moneyview shares extended their strong debut gains on Thursday, rising as much as 82% from the IPO price. After listing at Rs 55.61 on the BSE, a 64% premium to the Rs 34 issue price, the stock climbed another 11.5% to Rs 62.
New Delhi [India], October 1: Truevis Technologies Pvt. Ltd., in collaboration with Neusoft Medical Systems, has established a strategic service and spare-parts hub in Chennai to strengthen the management and distribution of medical imaging spare parts, components and accessories across India.
RBI rate hike, FCNR(B) inflows set to boost bank margins and profitability
In light of anticipated increases in benchmark interest rates by the Reserve Bank of India, Mumbai's banking sector appears poised for advancement. An influx of foreign currency non-resident bank deposits promises enhanced liquidity, potentially boosting profits. Private banks foresee robust growth in earnings as margins widen and operational costs decrease.
Flydubai's Dubai-Tel Aviv flight faced a mid-air incident when Indian Captain Smit Machchhar was stabbed by the co-pilot. The flight descended rapidly to land safely in Tabuk.
M&M, Hyundai, JSW MG sales grow in September led by sustained customer enthusiasm
In the two-wheeler segment, Bajaj Auto reported a YoY decline of 12 per cent in its domestic wholesales to 2,39,771 units in September as compared with 2,73,188 units in September 2025.
ATF prices increased by around 16 from 121 per litre to 137 per litre
The latest revision comes after ATF prices were raised by 6.28 per litre, or 5.46%, in September, following a 5 per litre increase in August
Captain Smit Machchhar's childhood friend recalls hero pilot's calm and composed nature
Machchhar, who was hailed for preventing a co-pilot from attempting to crash a Flydubai flight travelling from Dubai to Tel Aviv, continued to draw praise from neighbours, friends, educators and political leaders as updates on his condition emerged.
Govind Krishnan from Kerala left conventional school at 10 to study the Vedas at a gurukula in Thrissur. He later returned to regular schooling, cleared JEE, studied electronics and communication at IIST and was selected to join ISRO. His unusual journey reflects how he balanced traditional Vedic education with modern science and technology.
Highway Infrastructure shares jump 9% after Rs 245 crore toll operations win from UP authority, NHAI
Highway Infrastructure shares jumped after the company secured toll operations orders worth Rs 254 crore from UPEIDA and NHAI. The key order, worth Rs 220.66 crore, involves toll collection and plaza operations on the Gorakhpur Link Expressway, along with deployment of patrol-cum-safety vehicles.
Piramal Pharma Solutions and NP2 to Complete Cyclophosphamide Development Phase Next Month
Mumbai (Maharashtra) [India], October 1: Piramal Pharma Solutions (PPS), a leading global Contract Development and Manufacturing Organization (CDMO) and part of Piramal Pharma Ltd. (PPL) (NSE: PPLPHARMA) (BSE: 543635), and its partner NP2, a nonprofit generic drug manufacturer, today announced their plans to finish the drug development phase of the generic cancer drug cyclophosphamide in October.
Foreign institutional investors pulled out over Rs 20,000 crore from Indian equities in two trading sessions as the Nifty and Sensex head for an eighth straight weekly decline. Elevated crude prices, high US bond yields and rate concerns have weighed on sentiment, while analysts differ on the outlook for foreign inflows.
At the White House on Wednesday, Essar Group co-founder Ravi Ruia announced an $18 billion investment to build Americas largest steel plant in Iowa.
MTNL to sell Powai property to I-T Dept for 891.53 cr amid debt burden
The sale, approved by the board on Thursday, comes as MTNL continues to face financial struggles and is monetising its non-core assets
Indian oil refiners change tactics, hire tankers to sail through Hormuz
Refiners are shifting from relying on Gulf producers and traders to transport crude through Hormuz, seeking to reduce the premium paid for cost-and-freight shipments
A fresh rift has emerged within Tata Trusts over Tata Sons proposed reorganisation, with Sir Dorabji Tata Trust vice chairmen Venu Srinivasan and Vijay Singh saying they were not consulted before a letter supporting the plan was sent to Tata Sons. The trustees questioned the process, governance implications and whether the communication represented the collective position of the trust.
Diminishing returns: Bollywood's over-reliance on sequels needs a reset
In contrast to Hollywood's recent original hits, Hindi cinema leans on sequels, which are showing diminishing returns.
Ten VC firms, 16 start-ups and one question about building businesses in India
New Delhi [India], October 1: How does a start-up persuade customers to believe in a new business? That question runs through Nobody Believes You Yet, a new book by Harsh Pamnani and Vargab Bakshi, which draws on insights from ten leading Indian venture capital firms and case studies of 16 start-ups.
TBO Tek shares gain 3%; Nuvama initiates 'Buy' with Rs 2,200 target
Shares of travel tech firm TBO Tek rose nearly 3% on Thursday to Rs 1,733 after brokerage Nuvama initiated coverage with a Buy rating and a Rs 2,200 target price. The brokerage expects a 35% earnings CAGR over FY27-FY29E, driven by international expansion and hotel business growth.
Stocks to buy: Titan, Lenskart, Dabur among Nomuras 17 consumer picks. Do you own any?
Nomura has unveiled a selection of 17 consumer stocks with 'Buy' ratings, forecasting robust demand even amid rising inventory costs that press margins. Their projections hint at average EBITDA growth of 13.8% year-over-year for these firms, far exceeding previous expectations. These optimistic target prices unveil significant upside potential, urging investors to evaluate their portfolios carefully before proceeding with any financial maneuvers.
Hospital stocks extended losses for a second session after the Supreme Court questioned steep markups on cancer drugs and raised concerns over hospitals requiring patients to buy medicines from their own or designated pharmacies.
Bajaj Auto shares tumble 6%, M&M hits 52-week low after September auto sales data. What went wrong?
Shares of Bajaj Auto and Mahindra & Mahindra (M&M) came under pressure after their September auto sales data, with Bajaj Auto falling nearly 6% and M&M hitting a fresh 52-week low. Bajaj Auto reported a 12% decline in domestic two-wheeler sales, although a 34% jump in exports lifted overall two-wheeler sales by 5% year-on-year to 4.51 lakh units.
Traffic safety solutions provider Kataline files IPO papers with Sebi
Kataline Ltd has taken a significant step by filing draft papers with Sebi for an Initial Public Offering (IPO), aimed at amplifying its operational capabilities. This IPO will feature both a fresh issue and an Offer For Sale from the promoters, Amit and Ketaki Thatte. The company is set to utilize the raised funds for enhancing working capital and upgrading its manufacturing facilities.
Indian equity benchmarks Sensex and Nifty fell for a fourth straight session on Thursday, heading for their eighth consecutive weekly loss. Driven by intense FII outflows and surging US bond yields, the market weakness marks the longest losing streak since 2001, surpassing the seven-week Covid crash.
AI pressure, client caution cloud Indian IT earnings in September quarter
India's top IT firms are bracing for underwhelming earnings as they revise annual revenue growth expectations downward. The duel of AI-induced pricing pressures alongside restrained client spending is squeezing profit margins in the industry. Analysts predict a gradual sequential revenue rise ranging from 0.7% to 3.5% for the major players, while even giants like Infosys may lower their projections.
Jefferies is bearish TCS, Wipro, 6 other IT stocks ahead of Q2 results. How many do you own?
Jefferies indicates a modest growth outlook for IT companies in Q2 FY27, primarily fueled by acquisitions. Large IT firms are predicted to struggle, anticipating a mere 0.5% QoQ growth. Stocks such as TCS, Wipro, and HCL Tech are rated as underperforming with significant downside risks. In contrast, Infosys holds a steady hold rating with minimal upside, while mid-sized firms are expected to excel compared to their larger counterparts.
Nifty 500s hidden bear market: Half the stocks are down over 30% from highs
In the latest market analysis, it has been observed that about 50% of Nifty 500 stocks have significantly declined from their peak levels. A staggering 252 stocks have seen a drop of over 30%, with 102 stocks plummeting more than 50%. This downturn impacts large-cap stocks broadly. Although theres a possibility of a relief rally, foreign selling pressures pose continued risks.
Anarock Property Consultants files papers for Rs 1,000 crore IPO
Anarock Property Consultants Ltd has filed draft papers to raise Rs 1,000 crore via an IPO. The IPO will consist of a fresh issue of up to Rs 550 crore and an Offer For Sale of Rs 450 crore. Funds raised will support technology investments, business growth, and acquisitions, focusing on artificial intelligence and technology. The company previously raised Rs 200 crore from 360 One Asset Management in 2024.
IPO investors strike gold with 7 multibagger stocks in 3 months. Did you miss the bus?
Between July and September 2026, the IPO market saw remarkable activity, with seven newly listed stocks seeing their prices double from initial offerings. Despite the triumphs, others faced steep declines. Overall, these IPOs yielded an average return of 36.46%, standing in stark contrast to the wider market's lackluster performance. Investors should be diligent in evaluating company fundamentals before pursuing new investments.
Code red! NSE breadth breaks down as 350 out of 500 stocks crash up to 60% in two month selloff
In recent weeks, the NSE 500 index has faced significant setbacks, with declines in numerous stocks due to mounting economic pressures and foreign selling activities. Stock losses have ranged between 18% to 64% over the past two months. Contributing factors, such as surging crude oil prices and higher US bond yields, have turned market sentiment sour.
Vishal Nirmiti IPO Day 2: GMP at 16%, check subscription and key details. Should you apply?
Vishal Nirmiti IPO entered Day 2 of bidding with the Rs 178-crore issue subscribed 5% on Day 1, led by 6% subscription in the retail category. The IPO comprises a Rs 145-crore fresh issue and Rs 33-crore OFS, with the issue closing on October 5. premium listing. Shares are expected to list on NSE and BSE on October 8.
