Indian markets are facing pressure from higher oil prices, US interest rates and a steady supply of IPOs. Yet the correction has not been uniform across market segments. While the Nifty 50 is down about 13% from its September 2024 high, mid caps are down only around 2%. Nilesh Shah, Managing Director of Kotak Mahindra…
Natco Pharma has increased its proposed investment in US-based biotechnology company eGenesis Inc. to $16.7 million from the previously disclosed $14 million, the company said in an exchange filing on Monday, September 28. The investment will be made through Natco Pharma’s wholly owned subsidiaries Natco Pharma (Canada) Inc. and Natco Pharma USA LLC through convertible…
The rupee depreciated 28 paise to close at ₹96.03 (provisional) against the US dollar on Monday, on risk-off sentiments in global markets after the US rejected a deal proposal by Iran, diminishing hopes of reopening of the Strait of Hormuz. Forex traders said global risk sentiments deteriorated as the stalemate between the US and Iran…
Clean Max Enviro Energy Solutions Ltd (formerly known as Clean Max Enviro Energy Solutions Private Ltd) on Monday (September 28) said it has raised ₹2,500 crore through green Non-Convertible Debentures (NCDs) on a private placement basis. The NCD issuance was structured across five series with maturities ranging from two years to 10 years, with fixed-rate…
Pidilite Industries has partnered with South Korea-based Hwaseung Chemical to bring its footwear adhesive technology to Indian manufacturers, the company said on Monday. The partnership will make Hwaseung Chemical’s adhesive products available to Indian footwear makers, including products used in the production of global sports footwear brands. The adhesives are designed to provide strong and…
India’s primary market is sitting on a sizeable IPO war chest, with the mainboard pipeline swelling to around ₹3.86 lakh crore by September 2026 — 3.5 times the ₹1.10 lakh crore raised through 84 IPOs so far this year, according to the Association of Investment Bankers of India (AIBI). The pipeline includes around 130 companies…
Infrastructure company NCC Ltd on Monday (September 28) said it has received a ₹1,076.71 crore order, excluding goods and services tax (GST), from the Rural Water Supply and Sanitation Department, Visakhapatnam, Government of Andhra Pradesh. The order is for providing drinking water supply under the Multi Village Scheme on Yeleru Reservoir for the Anakapalli segment…
Sudarshan Chemical Industries Ltd on Monday (September 28) said it has entered into a ₹150.76 crore share purchase agreement to acquire a 15.89% stake in Sudarshan Colorants India Ltd. Under the agreement signed on September 28, Sudarshan Chemical will acquire 36,68,036 equity shares of face value ₹10 each in Sudarshan Colorants India from Sudarshan Europe…
Nifty bears strengthened their grip on the market on Monday, with the benchmark index falling decisively below the 23,000 mark as selling pressure intensified. The Nifty declined 1.56%, marking its steepest intraday fall since July 8, 2026. The sharp correction also saw the index breach a key support level, with weakness in the banking and…
IT services firm Coforge Ltd on Monday (September 28) said it has has appointed Akhil Gupta as Chairperson of the company and Non-Executive Independent Director for a five-year term, effective September 29, 2026, the company said on Monday (September 28). Gupta is the former Vice Chairman of Bharti Enterprises and has been associated with the…
