The government on Monday (August 3) said it will sell up to a 6.5% stake in Life Insurance Corporation of India Ltd (LIC) through an Offer for Sale (OFS) at a floor price of ₹382 per share, beginning Tuesday (August 4). The floor price is at a 10% discount over Monday’s closing price of LIC…
UPL Ltd. expects further price increases across the agrochemical industry over the rest of FY27 as elevated input costs and geopolitical uncertainty continue to reshape the operating environment, management said during the company’s post-earnings conference call. Executives said UPL moved early to raise prices after the conflict in West Asia pushed up costs for energy-intensive…
State-owned Navratna firm Indian Renewable Energy Development Agency (IREDA) reported a 36.8% year-on-year increase in net profit for the June quarter, driven by growth in its lending business. The company’s net profit rose to ₹337.5 crore in the first quarter of FY27 from ₹246.7 crore a year earlier. Net interest income (NII), a key measure…
India’s new Closing Auction Session debuted on Monday, and it immediately produced an unusual result: the Nifty surged while the Sensex lagged despite tracking largely the same stocks. Here’s why the two benchmarks briefly stopped moving together—and what investors should watch next. By V. Shunmugam August 3, 2026, 9:40:50 PM IST (Published) India altered its…
Jupiter Wagons Ltd. has announced a strategic partnership with Italy’s Lucchini RS Holding and SIMEST to establish India’s first fully integrated private-sector railwheel manufacturing platform for wheels, axles and wheelsets. As part of the transaction, Lucchini RS will acquire a 15% equity stake in Jupiter Tatravagonka Railwheel Factory (JTRWF), while SIMEST, an Italian government financial…
The Securities and Exchange Board of India (SEBI) on Monday (August 3) announced the appointment of Prasanta Mahapatra as an Executive Director, with responsibility for the Corporation Finance Investigation Department (CFID) and the Recovery and Refund Department (RRD). He has taken charge at the regulator’s Mumbai headquarters, succeeding Sanjay Chandrakant Purao, who previously oversaw the…
Early investors Peak XV Partners and Elevation Capital are set to sell a combined 2.3% stake in Meesho through block deals valued at approximately ₹1,900 crore, according to market sources. The transaction involves about 10.5 crore shares at a floor price of ₹182.08 per share, representing a 5% discount to the prevailing market price. Morgan…
The National Stock Exchange (NSE) recorded a turnover of ₹1,276.2 crore during the Closing Auction Session (CAS) on Monday, while turnover on the BSE stood at ₹10.8 crore. On the NSE, ICICI Bank emerged as the top traded stock in terms of CAS turnover, followed by HDFC Bank, Reliance Industries, Infosys and Bharti Airtel. Bajaj…
Battery maker Exide Industries’ management said EBITDA margin improved to 12.4% in Q1 FY27, expanding 20 basis points year-on-year and 70 basis points sequentially. The margin improvement was driven by higher revenue, cost control measures and supply chain efficiencies, despite elevated input costs and adverse currency movements. On the lithium-ion business, the Chief Financial Officer…
Nykaa Q1 results FY27 preview: Margin expansion is expected to be supported by operating leverage in the BPC business and improving profitability in the fashion segment Nykaa Q1 results FY27 preview: FSN E-Commerce Ventures, the owner of the Nykaa brand, is expected to report a strong set of earnings for the June quarter, led by…
