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New Delhi: Motilal Oswal Mutual Fund on Monday bought shares of forging and precision engineering firm Bharat Forge worth nearly Rs 378 crore through an open market transaction.According to the bulk deal available on the NSE, Motilal Oswal Mutual Fund (MF) purchased nearly 32 lakh equity shares, or 0.65 per cent stake, in Pune-based Bharat Forge. The shares were acquired at an average price of Rs 1,217.32 apiece, taking the transaction value to Rs 377.73 crore.Details of the sellers of Bharat F ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
Mumbai: Tata Capital, among the top three diversified financial services companies owned by India's largest conglomerate, will consider a fresh round of dilution in equity only after two-and-a-half to three years, a top official at the Tata Group entity said. The proposed ₹15,512-crore IPO, which will open for subscription early next week, will result in an 11.21% dilution in the promoter's stake. Tata Group owns 95.8% in the company, and of this Tata Sons holds 88% stake. The proposed IPO is t ...Read More >
MUMBAI: Vedanta Resources (VRL), the London-based parent of Mumbai-listed resources company Vedanta, plans to raise $500 million through seven-year dollar bonds to refinance a costly private credit facility, further paring debt and simplifying its capital structure. The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, ...Read More >
New Delhi: Bank customers, pension subscribers, train passengers, and postal service users will all be impacted by several regulatory, banking, and service-related changes that take effect October 1. RBI Cheque Clearing: The Reserve Bank of India (RBI) will transition from batch clearing to a continuous clearing method for cheque processing. The new system will be rolled out in two phases, with the first starting October 4, 2025, and the second from January 3, 2026. Railway ticketing rules: Ne ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) Bank customers, pension subscribers, train passengers, and postal service users will all be impacted by several regulatory, banking, and service-related changes that take effect on October 1. RBI cheque clearing: The Reserve Bank of India (RBI) will shift cheque processing from batch clearing to a continuous clearing method. The new system will be rolled out in two phases, with the first starting on October 4, 2025, and the second from January 3, 2026. Railwa ...Read More >
Mumbai, Sep 29 (PTI) Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day, as bank stocks were dragged by persistent foreign fund outflows ahead of the RBI's interest rate decision later this week. After gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94. During the day, it hit a high of 80,851.38 and a low of 80,24 ...Read More >
MUMBAI (Reuters) -The Indian rupee closed near its all-time low on Monday as lingering foreign portfolio outflows and corporate dollar demand kept up pressure on the South Asian currency. The rupee settled at 88.76 against the U.S. dollar, its weakest ever closing level and down slightly from its close at 88.7175 on Friday. The currency declined to an all-time low of 88.7975 last week. After starting the session with a modest uptick, the local currency drifted lower through the session, averti ...Read More >
New Delhi, Sep 29 (PTI) Valplast Technologies, a civil engineering and infrastructure solutions company, on Monday said it has fixed a price band of Rs 51-54 per share for the Rs 28.09 crore initial share sale, which will open on September 30. The initial public offering (IPO) will conclude on October 3. Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof, the company said in a statement. The IPO is entirely a fresh issue of 52.02 lakh equity shares aggrega ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, ...Read More >
Chennai : Motilal Oswal Mutual Fund (MOMF), which follows the QGLP (Quality, Growth, Longevity, Price) investing framework announced the launch of the Motilal Oswal Consumption Fund. This open-ended equity scheme is designed to capture India's multi-decade consumption growth story, now transitioning into an evolved phase of luxury and discretionary spending. The New Fund Offer (NFO) will be open for subscription from October 1st to October 15th, 2025. India's consumption is undergoing significa ...Read More >
Mumbai: Two IPOs that launched in the primary market last week -- Jinkushal Industries and Trualt Bioenergy -- have received strong investor demand. Today is the last day to invest in both IPOs, as the issues will close in a few hours. Investors are closely watching the Grey Market Premium (GMP) of both IPOs, which indicates possible listing gains. Let's look at the latest GMP, subscription status, and other important updates for both. Jinkushal Industries IPO Subscription Status Today is the ...Read More >
Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29. The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world. The sharp rally in precious metal ...Read More >
Mumbai: Tata Capital has announced the price band for its upcoming IPO (Initial Public Offering), which is set between Rs 310 and Rs 326 per equity share. Each share has a face value of Rs 10. This IPO is an important step for the company as it works to meet regulatory requirements and raise funds for future growth. IPO Dates and Subscription Details The Tata Capital IPO will open for public subscription on Monday, October 6, and close on Wednesday, October 8. The anchor investor portion will ...Read More >
WeWork India IPO: WeWork India, a flexible workspace solution in India, has set the price band for its maiden public issue in the range of ₹615 to ₹648 per equity share. The mainline offering comprises an offer for sale (OFS) of 46.3 million equity shares aggregating to ₹3,000 crore. There is no fresh issue component. According to the red herring prospectus (RHP), the company has reserved at least 75 per cent of the issue for qualified institutional buyers (QIBs), not more than 15 per cent for ...Read More >
Anand Rathi Share and Stock Brokers' ₹745 crore IPO allotment will be finalized on Friday, with shares listing on NSE and BSE on September 30. The allotment for Anand Rathi Share and Stock Brokers' Rs 745 crore IPO will be finalised on Friday. Investors who applied for shares can check their allotment status online once it is uploaded on the registrar's portal, MUFG Intime India. The equity shares are scheduled to be listed on the BSE and NSE on September 30. Applicants can check whether they ...Read More >
HYDERABAD: After four days of relentless downpours, Telangana is expected to have a brief respite on Monday, with no rainfall alerts issued. However, the India Meteorological Department (IMD) placed the state under a yellow alert for thunderstorms. IMD data showed that Papannapet in Medak district received the heaviest 24-hour rainfall at 10.6 cm, followed by Manoor in Sangareddy with 9.28 cm and Nallabelly in Warangal at 9.15 cm. The statewide average rainfall for the day stood at 7.3 mm, nota ...Read More >
For the month, FII sold equities worth Rs 30,141.68 crore, while DII bought equities worth Rs 55,736.09 crore. The broader indices broke a three-week gaining streak and underperformed the main indices as markets remained under pressure throughout the week on worries over fresh tariffs on pharma, higher visa fees by the US, persistent trade concerns, and continued FII selling. For the week, Nifty50 plunged 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index declined ...Read More >
WeWork India Management Ltd. will offer shares in a price band of Rs 615-648 in the upcoming initial public offering, according to a public advertisement released on Monday. The IPO will be open between Oct. 3 and Oct. 7. The WeWork India IPO comprises only an offer for sale of over 4.6 crore equity shares aggregating up to Rs 3,000 crore. The company will not receive any proceeds from the share sale. Promoter Embassy Buildcon will offload 3.5 crore shares for Rs 2,294, and WeWork Global affil ...Read More >
New Delhi [India], May 18 : New Delhi [India], May 18 : The key indices of the domestic equity ... New Delhi [India], May 18 : New Delhi [India], May 18 : The key indices of the domestic equity market ended in the negative territory, extending the loss for the third consecutive day, amid fresh selling. Some profit bookings were seen after the recent bull run. Sensex and Nifty lost around 0.2-0.3 per cent each. "Positive developments in debt-ceiling negotiations in the US had a favourable impa ...Read More >
MUMBAI: A close to 29% jump in equity investments has pushed up the average wealth of households, measured in terms of gross financial assets, by 14.5% in 2024, which though on an annualized basis is up only 20 bps from 14.3% in the previous year, even as the household debt ratio climbed to 41, up 8 percentage points over the last decade, and does wealth inequalities, according to a report. It can be noted that over the past two decades, the real per capita financial assets of households have s ...Read More >
Mumbai, Sep 26 (SocialNews.XYZ) The Indian equity benchmarks ended this week with the steepest weekly decline in six months, as well as registering a sixth consecutive session of decline -- amid concerns over H-1B visa fee hike and US pharma tariffs. Nifty and Sensex ended with a decline of around 2.50 per cent and 2.54 per cent, respectively, even as IT and pharma sectors came under selling pressure. Midcap and small-cap indices witnessed even higher selling pressure due to stretched valuatio ...Read More >
Epack Prefab Technologies' Rs 504-crore initial public offer (IPO) witnessed a lukewarm start on Wednesday, the first day of bidding, as the issue was subscribed 7% in the first couple of hours of the issue opening. Investors bid for 11.5 lakh shares against 1.76 crore shares on offer, data from NSE showed. The IPO is priced between Rs 194 and Rs 204 per share and includes a fresh issue worth Rs 300 crore along with an offer for sale of Rs 204 crore. As of 12 noon, the IPO was subscribed 7%, a ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Friday dragged by pharma stocks and relentless foreign fund outflows. US H-1B visa fee concerns and a weak trend in global markets also added to the bearish trend in domestic equities. "Investor attention will squarely be on the domestic pharma sector after the Trump Administration announced a 100 per cent tariff on imports of branded or patented pharmaceutical products effective October 1. This tariff action comes clo ...Read More >
New Delhi: Electric two-wheeler maker Ather Energy has granted fresh employee stock options (ESOPs) totalling 12.7 lakh equity shares under its 2025 plan, according to regulatory filings. The company's nomination and remuneration committee approved 9.7 lakh stock options for eligible employees, while the board of directors cleared an additional 2.9 lakh stock options for key managerial personnel and senior management. In total, 12,74,424 shares have been allotted. Based on Ather's BSE closing ...Read More >
Bengaluru: The cabinet approved the Karnataka State Skill Development Policy-2025-32 aiming to position the state as a premier hub for skilled talent and drive its vision of becoming a $1 trillion economy within seven years. The policy, estimated to cost of Rs 4,432 crore, will draw Rs 1,386 crore from external aid, including the Asian Development Bank, and Rs 410 crore through public-private partnerships. Law and parliamentary affairs HK Patil, who briefed reporters on discussions at the cabine ...Read More >
The Telangana government and Larsen and Toubro group have reached an in-principle agreement for the state to acquire L&T's stake in the Hyderabad Metro Rail project. The development, which follows a long-standing deadlock over expansion plans, aims to clear the way for the long-awaited Phase 2 of the Metro network. The agreement was reached on Thursday during a high-level meeting convened by Chief Minister Revanth Reddy with L&T Group Chairman and Managing Director SN Subrahmanyan. The discuss ...Read More >
BMW Ventures IPO opened for subscription with just 5% bids on Day 1, showing a muted start. The Rs 231.66 crore issue has no grey market premium yet, indicating weak sentiment. Retail saw 7% subscription, while NIIs and QIBs stayed away. The Rs 231.66 crore IPO of BMW Ventures Ltd opened for subscription on Wednesday, but initial investor interest appears muted for the issue. As of 12:10 PM on Day 1, the IPO was subscribed only 5% against the total offer of 2.34 crore shares, based on data from ...Read More >
MUMBAI, Sept 24 (Reuters) - The Indian rupee ended nearly flat on Wednesday as likely intervention by the Reserve Bank of India helped stave off pressure on the local unit amid worries over steep U.S. tariffs and a visa fee hike. The rupee closed at 88.69 against the U.S. dollar, a whisker away from its all-time low of 88.7975 hit on Tuesday. Traders said that the central bank likely intervened across segments such as non-deliverable forwards (NDF), currency futures and the OTC spot market to ...Read More >
Mumbai, Sep 24 (PTI) Benchmark stock indices Sensex and Nifty fell for the fourth consecutive day on Wednesday as foreign fund outflows and concerns over the steep hike in US H-1B visa fees continue to dent investor sentiment. The 30-share BSE Sensex dropped 386.47 points or 0.47 per cent to end at 81,715.63. During the day, it tanked 494.26 points or 0.60 per cent to 81,607.84. The 50-share NSE Nifty declined 112.60 points or 0.45 per cent to 25,056.90. Among Sensex firms, Tata Motors, Bhara ...Read More >
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