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New Delhi, February 14 – In a major push to India’s rapidly growing startup ecosystem, the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the establishment of the Startup India Fund of Funds 2.0, with a total corpus of ₹10,000 crore.The new fund aims to mobilize long-term domestic capital and provide stronger financial support to startups across the country.The scheme is designed to accelerate the next phase of India’s startup journey by strengthening the venture...

Mumbai, February 9, 2026 (IST) State Bank of India (NSE: SBIN | BSE: 500112) shares surged sharply in Monday’s trade after the country’s largest lender reported its highest-ever quarterly profit for Q3FY26, alongside continued improvement in asset quality and stable margins. SBI stock rose over 6 percent intraday, trading around ₹1,138, as investors reacted positively to the bank’s robust earnings performance for the quarter ended December 31, 2025. Record Quarterly Profit Lifts Sentiment...

Policy Decision Reflects Benign Inflation and Easing Growth Concerns The Reserve Bank of India on Friday kept its benchmark interest rate unchanged, aligning with expectations as inflation remained manageable and growth concerns eased. The assessment follows increased government spending in the Union Budget and reduced tariff pressures after a trade agreement with the United States.The central bank’s six member Monetary Policy Committee voted unanimously to retain the repurchase or repo...

Regulatory Approval Marks Key Milestone for India’s Largest Stock Exchange Capital market regulator Securities and Exchange Board of India has granted a no objection certificate to the National Stock Exchange, allowing the country’s largest bourse to move forward with its long awaited initial public offering. A senior exchange official confirmed the development on Friday, bringing an end to nearly a decade of uncertainty surrounding the listing.IPO Plans Revived After Governance and Co...

Report Submitted Ahead of New Devolution Cycle The forthcoming Union Budget is set to incorporate the recommendations of the 16th Finance Commission, which has already submitted its report to President Droupadi Murmu. The recommendations are expected to guide the sharing of taxes between the Centre and states for the next five years starting 2026-27.The Finance Commission, constituted under the Constitution, lays down the formula for tax devolution between the Union and the states. Cesses...

Reliance Industries Suffers Biggest Erosion in Market Capitalisation The combined market valuation of nine of the top-10 most valued companies in India declined sharply by Rs 2.51 lakh crore over the past week, reflecting sustained weakness in domestic equities. The broader market remained under pressure throughout the week, tracking negative global cues and persistent selling.During the week, the BSE Sensex witnessed a steep fall of 2,032.65 points, marking a decline of 2.43 per cent and...

Anchor Investors Commit Nearly ₹12 Crore Ahead of Issue Opening Hannah Joseph Hospital, a multi-speciality tertiary care hospital, has secured close to ₹12 crore from anchor investors ahead of its initial public offering, which opens for subscription today.The Madurai-based healthcare company allotted 17.06 lakh equity shares to seven anchor investors. The allocation included participation from Venturex Fund I, Saint Capital Fund, Aarth AIF Growth Fund, and Negen Undiscovered Value Fund...

Indian Markets Open Lower Amid Weak Global Sentiment Benchmark equity indices opened on a weak note on Wednesday as cautious investor sentiment prevailed amid heightened geopolitical tensions, subdued global markets and continued foreign fund outflows.In early trade, the 30 share BSE Sensex declined 385.82 points to 81,794.65, while the NSE Nifty fell 91.5 points to 25,141, reflecting broad based selling pressure across sectors.Heavyweights Drag Indices; Select Stocks Offer Support Among...

Mumbai, January 20, 2026: Shares of Bharat Coking Coal Limited extended their post-listing momentum on Tuesday, rising around 5 percent in early trade on the second day after listing. The stock was trading at ₹42.81, up ₹2.23 or 5.50 percent, as of 9:28 AM IST, staying well above its IPO issue price of ₹23.Share Price Snapshot (as of 9:28 AM IST)Last Traded Price: ₹42.81 Day’s Gain: ₹2.23 (5.50%) Previous Close: ₹40.58 Open: ₹40.75 Intraday High: ₹43.45 Intraday Low: ₹40.70 VWAP: ₹42.48...

Multiple Firms Clear the Path for Public Market Entry As many as seven companies across real estate, engineering, logistics, healthcare, metals, and specialty chemicals have received approval to proceed with their initial public offerings, marking another active phase for India’s primary market.The companies that have secured clearance include Runwal Developers, Lalbaba Engineering, Augmont Enterprises, Supreet Chemicals, Sillverton Industries, CJ Darcl Logistics, and Gaudium IVF and Women...

Settlement Progress Seen as Key Step Toward Long-Awaited Listing The initial public offering plans of the National Stock Exchange received a fresh push on Thursday after **Securities and Exchange Board of India chairman Tuhin Kanta Pandey said the regulator has given an in-principle agreement to the settlement plea filed by the exchange in the unfair market access case.The development is widely viewed as a critical step toward clearing regulatory hurdles that have delayed the IPO of...

Leadership Appointment Strengthens Governance Framework Flipkart, the e-commerce group owned by Walmart, on Thursday announced the appointment of Jane Duke as its Chief Ethics and Compliance Officer. The appointment is aimed at strengthening governance and internal oversight as the company moves closer to its initial public offering.In her new role, Duke will report to Chris Cyrenne, Chief Ethics and Compliance Officer at Walmart International. She will also work closely with Flipkart...

Mangaluru, January 14, 2026: Mangalore Refinery and Petrochemicals Limited (MRPL) reported a sharp improvement in its standalone financial performance for the quarter ended December 31, 2025 (Q3 FY26), driven by higher throughput, improved margins, and better operational efficiency. The ONGC subsidiary posted a standalone profit before tax of ₹2,214.28 crore in Q3 FY26, marking a 372 percent sequential jump compared to ₹974.66 crore in the September quarter. On a year-on-year basis, profit...

Chennai, January 14, 2026: Indian Overseas Bank delivered a strong performance in the December quarter, reporting its highest-ever quarterly net profit of ₹1,365 crore for Q3 FY26, marking a year-on-year growth of 56.18 percent. The sharp rise in profitability was driven by healthy growth in net interest income, sustained momentum in core lending segments, and a continued improvement in asset quality.Profitability Remains Robust The bank’s operating performance strengthened during the...

Profit Slips Despite Strong Income Growth Billionbrains Garage Ventures, the parent company of stockbroking platform Groww, reported a 28 percent year on year decline in profit after tax for the quarter ended December 2025. The company posted a profit after tax of Rs 547 crore, compared with Rs 757 crore in the same quarter of the previous fiscal year.Despite the decline in profitability, the company recorded strong topline growth during the quarter. Total income rose 26 percent year on...

Mumbai, January 14, 2026: Tata Consultancy Services announced a strategic collaboration with semiconductor major AMD to accelerate enterprise adoption of artificial intelligence at scale, spanning generative AI, hybrid cloud modernisation and high-performance computing deployments.The partnership is aimed at helping enterprises move AI initiatives from pilot stages to full-scale production, while modernising legacy technology environments and building secure, high-performance digital...

Mumbai, January 14, 2026: The Bharat Coking Coal Limited IPO allotment is being finalised today, January 14, following an extraordinary subscription response that saw the issue subscribed over 143 times at close. Investor focus has now shifted to allotment outcomes, grey market trends, and the upcoming listing scheduled for January 16.The IPO, priced at ₹21–₹23 per share, witnessed intense demand across all categories, led by qualified institutional buyers and non-institutional investors...

Mumbai, January 13, 2026: Gabion Technologies India Limited made its stock market debut on Tuesday with its equity shares listing at ₹89, marking a 9.88 percent premium over the IPO issue price of ₹81 per share. The stock opened at ₹89 when regular trading commenced and was trading at ₹84.55 at 10:03 AM IST, reflecting intraday volatility after the opening print. The issue had a face value of ₹10 per share. Listing Day Price Action As per exchange data at 10:03 AM IST, the stock was quoted...

Mumbai, Jan 13, 2026 — Authum Investment & Infrastructure Limited began trading on an ex-bonus basis today following the company’s 4:1 bonus issue. The share price appears sharply lower on charts, reflecting a technical adjustment of about 80%, as the equity base expands post bonus. A 4:1 bonus means shareholders receive four additional shares for every one share held, increasing the total shares outstanding fivefold. Accordingly, the per-share price adjusts to roughly one-fifth of the...

Mumbai, January 12, 2026: The initial public offering of Bharat Coking Coal Limited closed Day 2 of bidding on a sharply stronger note, with overall subscription climbing to 33.67 times by the end of trading on Monday. As of 5:00 PM IST, the IPO received bids for 1,168.00 crore equity shares against the issue size of 34.69 crore shares, based on cumulative data from BSE and NSE. With no bidding activity over the weekend, Day 2 witnessed an accelerated inflow of applications across all...