Business
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Mutual Funds Sell Midcaps: Oil India, Exide Top July Disposals
Mutual funds net sold key midcap stocks in July, with Oil India, Exide Industries, and Kalyan Jewellers seeing significant divestment, according to a Motilal Oswal report.
Mumbai Lakes Near Full, Yet 10% Water Cut Continues
Mumbai’s seven lakes are at 92.16% capacity, but the 10% water cut imposed by BMC since May 15 remains in effect. Find out why.
India’s NPAs Hit Record Low, Fueling Banking Reforms for Developed India
India’s banking sector achieves historic low NPAs, paving the way for ‘Banking for Viksit Bharat’ reforms and a stronger economic future. Learn about the strategic growth ahead.
Gujarat Cotex Ventures into Edible Oils and Real Estate
Gujarat Cotex expands beyond fabric trading, launching Prabhat Oils and Prabhat Infratech to enter the edible oils and real estate markets, seeking new growth avenues.
Ola Electric Launches New Battery Energy Storage Systems
Ola Electric expands into power solutions with its new BESS portfolio, including Shakti and Mahashakti, for residential, commercial, industrial, and utility-scale needs.
TD Power Systems Seals 10-Year Siemens Energy Manufacturing Deal
TD Power Systems secures a 10-year manufacturing agreement with Siemens Energy for 2-pole Generators, boosting global presence and revenue visibility.
Refex Industries Secures Rs 40.83 Cr Ash Transport Contract
Refex Industries shares climb 1.97% to Rs 302.75 after winning a Rs 40.83 crore contract for ash transportation over 12 months. Boosts investor confidence.
Hazoor Multi Projects Stock Surges on Rs 28.47 Cr NHAI Order
Hazoor Multi Projects’ shares jumped 4.65% to Rs 21.82 after securing a Rs 28.47 crore NHAI order for user fee collection and maintenance in Tamil Nadu.
DMR Engineering Wins Rs 1.66 Cr Maharashtra Power Project LoA
DMR Engineering leads consortium to secure Rs 1.66 crore LoA from Power Finance Corporation for 1500MW Tarali Pumped Storage Project in Maharashtra.
Indian Rupee Drops as RBI Alters Forex Swap Deadline
The Indian Rupee weakened against the USD as the RBI unexpectedly shortened its forex swap deadline for non-resident deposits, impacting dollar inflow expectations.
Saatvik Solar to Build 3.6 GW Cell Plant in Odisha
Saatvik Solar inks MoU with Odisha govt for a 3.6 GW solar cell manufacturing facility in Gopalpur, boosting renewable energy production and creating jobs.
Svatantra Microfin IPO: ₹3,000 Cr Plan to Boost Capital
Ananya Birla’s Svatantra Microfin files for a ₹3,000 crore IPO, including a fresh issue and OFS, to strengthen its capital base and expand lending.
Saatvik Solar Expands to Odisha with 3.6 GW Cell Facility
Saatvik Solar Industries inks MoU with Odisha Govt for a 3.6 GW Phase II Cell Facility, bolstering renewable energy manufacturing capacity.
BCCI Boosts Anti-Corruption Measures for State T20 Leagues
BCCI enhances anti-corruption surveillance on state T20 leagues amid rising concerns over bookie approaches targeting players and officials.
Mirae Asset Buys Rolex Rings Shares Worth ₹16.61 Cr
Mirae Asset Mutual Fund invests ₹16.61 crore in Rolex Rings, acquiring 9.3 lakh shares on August 17, 2026. Highlights confidence in India’s auto components sector.
Ashok Leyland Shares Surge on Record Q1; Brokerages Raise Targets
Ashok Leyland shares jumped 3% after a record Q1, with four brokerages hiking their target prices. Discover the key performance metrics and market reaction.
BSE Shares Tumble 4.5% After Jefferies Downgrade
BSE shares dropped 4.5% following a Jefferies downgrade to ‘Underperform’ and a price target cut to Rs 2,940, citing revenue pressures and regulatory changes.
India Boosts LPG Output Amid Hormuz Strait Uncertainty
India increases domestic LPG production to reduce import dependence amid Strait of Hormuz geopolitical risks. Government mandates refiners to maximize output.
NIBE Bags Rs 563 Cr Indian Army Loiter Munition Deal
NIBE secures a major Rs 563.35 crore contract from the Indian Army for 300 loiter munition systems. Shares saw a minor dip post-announcement.
Dhoot Transmission IPO Lists with 37.77% Premium on NSE
Dhoot Transmission shares debut on NSE at Rs 1,200, a 37.77% premium over its Rs 871 IPO price, signaling strong investor confidence.
Sembcorp Eyes $500M India Green IPO: Second Attempt
Sembcorp Industries plans a second $500M IPO for its Indian renewable unit, Sembcorp Green Infra Ltd., aiming to list this month. Details are emerging.
Voltas & Atomberg JV: High-Efficiency AC Compressors in India
Voltas and Atomberg Innovation partner for a joint venture in India, focusing on manufacturing high-efficiency AC compressors to boost the domestic market.
India’s EV Exports Surge to Europe in Q1FY27
India’s electric vehicle exports skyrocketed in Q1FY27, reaching $369 million, with Europe, particularly Spain and the UK, leading demand.
RBI Ends FCNR(B) Forex Swap Facility August 31, 2026
The Reserve Bank of India will close its special USD-INR forex swap facility for FCNR(B) deposits on August 31, 2026, due to substantial foreign exchange inflows strengthening India’s financial system.
Horizon Industrial Parks IPO: Blackstone-backed firm seeks ₹2,600 Cr
Blackstone-backed Horizon Industrial Parks launches ₹2,600 Cr IPO (Aug 17-19). Analysts see it as a strong long-term investment in India’s largest industrial developer.
India’s Silver Imports Surge in August Amidst New Rules
India’s silver imports rebound to 89.81 tons in August via IIBX, overcoming new licensing hurdles and driven by strong local demand and premiums.
India IPO Wave: 7 Companies Eye ₹6,400 Cr
Seven Indian companies are gearing up to raise over ₹6,400 crore via IPOs next week, signaling strong market momentum. Discover the upcoming listings.
Molbio Diagnostics IPO Lists at 21% Premium on Dalal Street
Molbio Diagnostics makes a strong market debut, listing at a 21% premium over its IPO price of ₹807 on the BSE and NSE. Explore the details of this successful IPO.
Shiprocket IPO: 33% Listing Gain Expected Post 102x Subscription
Shiprocket’s IPO, subscribed 102.28 times, is poised for an estimated 33% listing gain. Final allotment on August 17, 2026, with shares priced at Rs 97.
Balu Forge Commercializes Advanced 155mm Shells, Bags First Order
Balu Forge Industries successfully commercializes advanced 155mm ERFB BB/BT shells, securing a significant first order of 10,000 units from an Indian defense player.