Zomato-backed Cult.fit, the fitness chain operator, is expected to file its Draft Red Herring Prospectus (DRHP) with SEBI in the next two weeks, sources privy to the developments told CNBC-TV18. The company had picked its bankers in March 2025 , this was exclusively reported by CNBC-TV18 then. However, the company had temporarily shelved its listing…
Reliance is transforming into a deep-tech and advanced manufacturing leader, highlighting five verticals within the company as those with potential fo…Read More 1/6 Jio Board Approves IPO: The digital platforms giant, whose businesses range from mobile telephony to advertising, payments, and hardware, and which has aspirations for a new satellite broadband venture, will file the…
The equity benchmark indices ended lower on Friday (June 19), though they recovered from the day’s lows, with the Sensex falling 607 points to 76,803 and the Nifty declining 155 points to 24,013. Here are the five key reasons behind today’s decline: 1. IT Stocks Slumped After Accenture’s Guidance Cut The Nifty IT index emerged…
Harendra Kumar of Elara Capital says global money flowing out of expensive AI stocks could now flow back into India, especially as the country’s weight on global indices hits new lows and West Asia tensions ease. He’s less worried about a weak monsoon hurting markets, noting some sectors gain even as others lose. On telecom,…
The Securities and Exchange Board of India (SEBI) has relaxed the framework governing intraday borrowings by mutual funds, permitting asset management companies (AMCs) to use short-term borrowings to manage liquidity mismatches arising during the trading day. The decision was approved at SEBI’s board meeting on Friday, June 19, chaired by SEBI Chairman Tuhin Kanta Pandey….
Nestle India said on Friday, June 19, its board of directors will meet on July 3 to consider the declaration of a special dividend for 2026 from the company’s retained earnings. In a regulatory filing, the company said the record date of July 10, already fixed for determining shareholders eligible for the final dividend for…
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Friday said the regulator would need to hold consultations with market participants to address concerns around longer-term derivative contracts, and was looking at ways to remove the barriers that currently limit such products. “All products, longer and shorter-term derivatives, should be available in…
Mohandas Pai, Chairman of Aarin Capital and former CFO and board member at Infosys, has welcomed SEBI’s decision to revive open-market share buybacks, saying periods of market weakness offer companies an opportunity to create shareholder value and deploy excess cash more efficiently. Speaking to CNBC-TV18, Pai said the return of the mechanism restores an important…
Tata Consultancy Services (TCS), India’s largest IT services company, is steadily losing its valuation premium over peers in the sector. A recent sell-off, triggered by a weaker-than-expected fourth-quarter outlook from global rival Accenture, has dragged its valuation multiples lower. According to Bloomberg data, TCS currently trades at 13.5 times one-year forward earnings, almost on par…
Drug maker Aurobindo Pharma Ltd on Friday (June 19) said the United States Food and Drug Administration (US FDA) has completed a pre-approval inspection (PAI) at Eugia Steriles Private Ltd with five observations. The inspection was conducted at Eugia Steriles’ manufacturing facility located in Parawada Mandal, Anakapalli District, Andhra Pradesh, from June 10, 2026, to…
