Markets

Swara Baby Products Files Massive ₹1,000 Crore IPO: Firstcry Parent Brainbees to Offload Shares Swara Baby Products has officially filed its draft prospectus documents with the Securities and Exchange Board of India. The filing marks a significant step toward the company's planned initial public offering (IPO). The debut is set to raise a substantial ₹1,000 crore through the primary market sale.The IPO structure involves a combination of fresh share issuance and an offer for sale (OFS) of existing equity. The move aims to provide capital infusion into the growing consumer business.IPO Financial Structure Details Swara Baby Products intends to raise half of the total amount through a fresh issue component. This means ₹500 crore will...

Jio Payments Bank Ignites Mobility Revolution by Launching Barrierless Tolling at Rajasthan's Major Corridor Jio Payments Bank Limited (JPBL) has achieved a significant milestone in India's mobility infrastructure. The bank, a subsidiary of Jio Financial Services, has commenced operations for toll collection under the Fastag Automatic Number Plate Recognition (ANPR)-based Multi-Lane Free Flow (MLFF) project. This transformative rollout is taking place at the Manoharpura Fee Plaza on National Highway 48 in Rajasthan.The integration of MLFF technology ensures that vehicles can pass through the plaza without requiring a stop. The system combines both ANPR and RFID technologies, enabling automatic processing of user fees as vehicles move...

Switching Technologies Gunther Ltd Confirms No Non-Convertible Securities Issued for Q1 FY26 Switching Technologies Gunther Ltd has confirmed that it did not issue any non-convertible securities. This declaration pertains to the period spanning April 1, 2026, through June 30, 2026.The company certified that since no such non-convertible securities were issued, there is no arising obligation for the payment of interest, dividend, or principal amount during the specified quarter.This update provides clarity regarding the financial status related to debt instrument issuance for the period ending June 30, 2026.Stock Price Movement As of 12:15, shares of Switching Technologies Gunther Ltd are edging higher by 4.98%, currently trading...

Bank of India Reports Provisional Results for Q1 FY27: Focus on Global Business and Domestic Advances Bank of India has reported its provisional financial performance as of June 30, 2026, detailing key metrics across global and domestic banking segments. The results provide a comparison against previous periods, including the reviewed data from 30.06.2025 and audited figures from 31.03.2026.The performance data, presented in 't Crore, shows the status of various business activities as on June 30, 2026.ParticularsBank of India Performance as on 30.06.2025 (Reviewed)Bank of India Performance as on 31.03.2026 (Audited)Bank of India Performance as on 30.06.2026 (Provisional)*Y-o-Y Growth (%)Business...

Knack Packaging IPO Reaches 3.84X Subscription on Day Two as Demand Surges for Packaging Solutions Provider Knack Packaging, a key player in the packaging solutions industry, is witnessing a strong investor response in its initial public offering (IPO) on the second day of share sale. The company has seen robust participation across all investment categories, driving up demand for its shares. As of Thursday, the IPO stands at a subscription rate of 3.84 times.Subscription Details and Investor Interest The initial issue is designed to raise funds while providing investors with an opportunity to acquire stakes in the growing packaging sector. Against a total offering of 1.89-crore shares, the IPO has received bids for 7.39-crore shares...

Government Accelerates Massive PSU Share Sale Plans to Cushion Budget Strain Amid Oil Price Shifts India's Prime Minister Narendra Modi’s administration is significantly ramping up its efforts to divest stakes in several major state-owned enterprises (PSUs). The move comes as the government seeks to bolster public finances, which are currently under strain due to volatility and high oil prices.A number of key state institutions have been identified for future stake sales. These include Life Insurance Corp. of India (LIC), Hindustan Zinc Ltd., and various state-controlled banks. Officials suggest these planned equity offerings could raise substantial funds for the government coffers.Target Raised through PSU Divestment Initiatives...

Kotak Mahindra Bank Completes Direct Assignment of Loan Portfolio from KMIL Kotak Mahindra Bank Ltd. has successfully completed the direct assignment of a significant loan portfolio and non-treasury investments from its subsidiary, Kotak Mahindra Investments Limited (KMIL).As of July 1, 2026, the loan portfolio assigned to the Bank amounts to Rs. 9,587.62 crore. This transaction represents the full direct assignment of the assets held by KMIL to the Bank on that date.The completion of this assignment follows a prior decision made by the Bank to conduct the business activities previously handled by the KMIL departmentally within Kotak Mahindra Bank Ltd. The move was aimed at achieving group simplification and driving operational...

Promoter and Director Acquire Stakes in Ecoline Exim Limited Promoter Group Company EcoSourceEximPrivate Limited and Director Saurabh Saraogi have increased their holdings in Ecoline Exim Limited through open market purchases, according to recent disclosures detailing changes in security ownership.The promoter group company, EcoSourceEximPrivate Limited, executed two transactions involving the acquisition of equity shares in Ecoline Exim Limited across June 2026. The first transaction saw the company acquire 13,000 Equity Shares for Rs. 24.07 Lacs on June 15, 2026. Following this initial purchase, EcoSourceEximPrivate Limited’s holding stood at 13,000 shares, representing 0.06% of the company's stock.A subsequent transaction...

Baazar Style Retail Posts Strong Q1 FY27: Revenue Jumps 29% as Store Network Expands Kolkata, July 2, 2026: Baazar Style Retail Limited (BSRL), a leading value fashion retailer operating across Eastern India, released its business update for the First Quarter (Q1) of Fiscal Year 2027, which ended on June 30, 2026. The company reported significant growth in sales revenue while expanding its retail footprint during the quarter.Standalone Revenue from Operations achieved a healthy growth rate of 29% year-over-year (YoY), reaching Rs 4,860 Mn in Q1FY27. In addition to the top line performance, BSRL maintained strong metrics related to store operations and sales efficiency.The company's key operational indicators for Q1FY27 included a...

Raymond Limited Updates Shareholding and Floor Price Following Preferential Issue Raymond Limited has updated its shareholders and investors regarding the outcomes of a recent preferential issue on a private placement basis, which was approved following an Extraordinary General Meeting (EOGM). The company provided further details concerning the share structure and valuation metrics in response to queries raised by exchanges.The preferential issue of securities had been initially intimated to the Exchanges via communiqués dated May 25, 2026, May 27, 2026, and June 10, 2026. The EOGM of the company's shareholders was held on June 18, 2026, at which time the issue was approved by the required majority.Following follow-up queries from...

Carlsberg Files for Massive IPO: Indian Brewer Targets Rs 6,600 Crore in Confidential Listing Carlsberg India Moves Ahead with Strategic Public Offering Carlsberg A/S has confidentially filed draft papers for an Initial Public Offering (IPO) of its India unit. The listing aims to raise up to $700 million, which translates to Rs 6,600 crore. This move signals the Danish brewer's strategic push to capitalize on the Indian market.The offering is reportedly a secondary share sale by the parent company. Industry sources suggest that the IPO could take place later this year. Carlsberg has been working with major financial institutions for this transaction.Investment Banks and Transaction Structure Carlsberg is engaging several top-tier...

IHC and Adani Group Ignite $11.5 Billion Aluminium Mega Project in Odisha, Securing India's Largest Mining Investment India is set to witness a monumental boost in its industrial infrastructure as Abu Dhabi’s International Holding Company (IHC) partners with Adani Group. The joint venture is committed to investing a staggering $11.5 billion into an integrated aluminium project located in the state of Odisha. This deal, which marks the country's largest foreign investment in the crucial sectors of mining and metallurgy, underscores a major shift in India’s industrial landscape.Scope of the Massive Aluminium Project The planned initiative is far more than just an investment; it represents the creation of a fully integrated aluminium...

MRC Agrotech Ltd Mourns Demise of Non-Executive Independent Director Jainendra Baxi MRC Agrotech Ltd has announced the untimely passing of Shri Jainendra Baxi, its Non-Executive Independent Director. The company reported the demise of Shri Baxi on July 1, 2026.The passing of Shri Jainendra Baxi is described as an irreparable loss to the Company's board and all directors and employees. The company conveyed deep sympathy and condolences to his family following the sudden and unexpected death.In response to this vacancy, MRC Agrotech Ltd stated that it will fill the resultant directorial position within the stipulated time, as permissible under the Law.Stock Price Movement At 11:39, MRC Agrotech Ltd shares are edging higher, trading...

Tata Steel Sets Sight Beyond 40 MTPA as FY26 Profit Jumps 243% Amid Expansion Drive Tata Steel Drives Capacity Growth Towards Long-Term Vision Tata Steel is accelerating its commitment to becoming a large, greener, and smarter company. At the 119th Annual General Meeting (AGM), Chairman N. Chandrasekaran confirmed that the company is making decisive moves toward achieving a long-term target of 40 million tonnes per annum (MTPA) capacity.The steel giant has already begun planning for significant expansion beyond this milestone. Phase II commissioning at the Kalinganagar plant has boosted Tata Steel's total capacity to 26.1 MTPA, according to Chandrasekaran. He stated that the company is currently evaluating new locations and acquiring...

TVS Launches All-New Callisto 110 Scooter in Jakarta, Targeting Urban Commuters with Advanced Features TVS Motor Company has launched The All New Callisto 110 scooter in Jakarta, positioning it as a modern commuter vehicle built for the specific needs of Indonesia's urban market. The launch marks a strategic milestone for TVS in the Indonesian market, recognizing the dominance of the 110cc automatic scooter segment, which accounts for approximately 50% of total two-wheeler sales in the country, according to data from the Asosiasi Industri Sepeda Motor Indonesia (AISI).The All New Callisto 110 is designed around the philosophy of 'Built for Real,' offering superior comfort and advanced features aimed at elevating the daily riding...

Kaka Industries Commissions 7.5 MW Captive Solar Power Plant; EBITDA Benefits Expected from July 1, 2026 Kaka Industries Ltd has achieved a significant operational milestone with the commissioning of its 7.5 MW captive solar power plant in Kheda District, Gujarat. The plant, which became fully operational in mid-June 2026, is set to substantially enhance the company's cost efficiency and sustainable manufacturing practices.The introduction of the renewable energy source is expected to positively impact the company’s EBITDA, with benefits anticipated starting from July 1, 2026. The facility is specifically designed for captive consumption, targeting a reduction in electricity costs across Kaka Industries' PVC, WPC, and uPVC...

Jaiprakash Power Ventures Limited Announces Changes in Independent Board MembersJaiprakash Power Ventures Limited has announced changes to its board of directors, noting the cessation of one director and the appointment of two new members to the independent directorship.Smt. Binata Sengupta will cease to be a director as she completes her maximum tenure on the board. Her departure is effective from the close of business hours on July 1, 2026.The company announced that Smt. Shruti Anup Shah and Shri Jayant Misra have been appointed as Independent Directors. The appointment of both individuals has come into effect starting July 1, 2026.JPPOWER Stock Price Movement Shares of Jaiprakash Power Ventures Limited are currently edging...

IndiGo Accelerates Market Dominance at Noida Airport as Akasa Air Unlocks Mumbai Connection The rapid ramp-up of domestic routes at the newly inaugurated Noida International Airport (NIA) is cementing its status as a major aviation hub. IndiGo, already a key operator, significantly expanded its network by adding several new cities to its operations on July 1. Concurrently, Akasa Air bolstered its presence by introducing daily services from Mumbai, enhancing the airport's connectivity profile just three weeks after commercial operations began.IndiGo Expands NIA Network Reaching 15 Destinations India’s largest airline dramatically increased service offerings at Noida International Airport (NIA) on July 1. IndiGo added new routes...

United Drilling Tools Secures Repeat Domestic Order from Vedanta Limited for Equipment Supply United Drilling Tools Limited has received another repeat domestic order from Vedanta Limited, securing a contract valued at Rs. 3,88,55,000/-. The order involves the supply of Tubings, Pup Joints, and Crossovers in the course of ordinary business operations.The agreement comes from Vedanta Limited, which is identified as a domestic entity. There is no reported interest from the company's promoters or promoter group in this transaction, nor is it classified as a related party transaction.The details of the contract include an execution period of 24 weeks for the specified supply.Key financial and operational details of the order are...

Big Tech Giants TCS and Infosys Shortlisted to Modernize India's Customs with Integrated Digital Platform L&T Technology Services (LTTS), Wipro, IBM India, Tata Consultancy Services (TCS), and Infosys have been selected among five major firms vying for a critical contract: the development of India’s proposed Customs Integrated System (CIS). This unified digital platform is set to revolutionize cross-border trade management across the country.The selection follows an expression of interest (EoI) stage, indicating the immense scope and strategic importance of this government initiative. The Centre is expected to issue a Request for Proposal (RFP) to these five shortlisted companies within the next 15 days. The entire selection...