Ahmedabad-based SMR Jewels Ltd will launch its initial public offering (IPO) on BSE-SME platform on May 26, targeting ₹67.23 crore through a mix of fresh capital infusion and offer for…
Category: Market
SEBI proposes easing third-party payment norms in mutual funds
The Securities and Exchange Board of India (SEBI) on Wednesday proposed easing restrictions on third-party payments in mutual funds by permitting such transactions in select cases, including salary deductions by…
Aditya Birla Capital to raise ₹4,000 crore via preferential issue
Aditya Birla Capital plans to raise ₹4,000 crore through a preferential issue. It will mop up ₹2,880 crore from its parent Grasim Industries, ₹200 crore from Suryaja Investment Pte, Singapore…
Nifty erases gap-down, closes higher as energy stocks lead recovery
staged a comeback on Wednesday, pulling back from steep morning losses to end marginally in the green, as buying in energy, auto and realty stocks offset persistent pressure from a…
Broker’s Call: Indraprastha Gas (Buy)
Target: ₹220 CMP: ₹154.80 Indraprastha Gas’ (IGL) Q4FY26 EBITDA/scm came in 44 per cent above our estimate at ₹4.8. Gas costs and opex increased about ₹1/0.8 per scm quarter on…
Broker’s call: Zydus Lifesciences (Accumulate)
Target: ₹1,080 CMP: ₹1,040.95 (ZYDUSLIF) Q4 EBITDA was sharply above our estimates aided by higher revenues across key markets. We believe base business remains steady with mild erosion. The y-o-y…
Reserve Bank of India to hold $5 billion USD/INR forex swap auction on 26 May to ease banking system liquidity
The will conduct a $5 billion USD-INR next week to inject long-term liquidity in the banking system. The auction, to be held on May 26, also comes at a time…
Supreme Court reserves verdict again on Yes Bank’s ₹8,415-crore AT1 bond write-off
The Supreme Court on Wednesday reserved its judgment in the long-running dispute over the ₹8,415-crore write-off of Yes Bank’s additional tier-1 (AT1) bonds after concluding hearings and taking on record…
India to launch world’s first rainfall index for weather derivatives on 29 May
Starting 29 May, India’s first exchange-traded rainfall derivatives contracts will be open for trading to retail and high-net-worth investors, power utilities, logistics firms, and agri-processing businesses, among others. On Wednesday,…