Markets

ED Summons Shakeup: Quick Commerce Giant Zepto Discloses Probe Ahead of Mega IPO, Reveals Massive Revenue Surge
ED Summons Shakeup: Quick Commerce Giant Zepto Discloses Probe Ahead of Mega IPO, Reveals Massive Revenue Surge Founder Summons Reveal as Zepto Advances Towards Stock Market Debut Quick commerce leader Zepto has disclosed a significant regulatory event in its updated Draft Red Herring Prospectus (DRHP). The filing reveals that the company founders, Aadit Palicha and Kaivalya Vohra, were summoned by the Enforcement Directorate (ED) earlier this year. This disclosure comes as the startup prepares for its highly anticipated Initial Public Offering (IPO).The ED summons, dated April 8, 2026, was comprehensive in nature. It sought detailed information concerning foreign and overseas investments, audited financial statements dating back to...
NTPC Appoints Thirty-Four Officials as Executive Directors, Effective June 8, 2026
NTPC Appoints Thirty-Four Officials as Executive Directors, Effective June 8, 2026 NTPC Ltd has appointed thirty-four officials as Executive Directors (Senior Management) of the Company, effective from June 8, 2026. These senior appointments represent a significant commitment to operational management and strategic development across various functional areas within the company.The appointees have extensive experience at NTPC, contributing over several decades to functions ranging from operations and maintenance to commercial activities and technical services. The details of these executives are outlined below, showcasing their specialized expertise and qualifications.Key aspects of the appointments include:Himmat Singh Chauhan...
DII Inflows Smash ₹4 Lakh Crore Mark: Domestic Giants Drive Resilience Against Foreign Selloff
DII Inflows Smash ₹4 Lakh Crore Mark: Domestic Giants Drive Resilience Against Foreign Selloff Domestic Institutional Power Surges Amid Market Volatility Domestic institutional investors (DIIs) have collectively poured over ₹4 lakh crore into Indian equities within the first five months of 2026. This significant capital infusion highlights a robust support mechanism beneath current market headwinds.The steady flow from DIIs comes despite prevailing volatility in Indian markets and substantial outflows from foreign investors. Foreign institutional investors have pulled out approximately $27.13 billion from Indian equities so far this year.This domestic resilience is underpinned by structural investment commitments rather than merely...
Zepto Stock Blast: Quick Commerce Giant Files UDRHP for Massive ₹8,010 Crore IPO Fundraise
Zepto Stock Blast: Quick Commerce Giant Files UDRHP for Massive ₹8,010 Crore IPO Fundraise Zepto, a rapidly scaling player in India's competitive quick commerce landscape, has intensified its listing ambitions. The company has filed an updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI). This filing details the proposed Initial Public Offering (IPO), which is set to raise substantial capital through a fresh equity issue and an Offer-for-Sale (OFS) by existing shareholders.The UDRHP outlines plans for raising up to ₹8,010 crore via the fresh issuance of shares. Zepto intends to issue up to 1,60,20,000 equity shares, each with a face value of ₹5. Coupled with the OFS component, industry...
Telecom Relief: High Court Strikes Down Spectrum Charge for Bharti Airtel and Vodafone Idea
Telecom Relief: High Court Strikes Down Spectrum Charge for Bharti Airtel and Vodafone Idea The stock market is buzzing with regulatory wins and major corporate developments today, highlighted by a significant victory for major telecom players. The Bombay High Court delivered a landmark ruling, overturning the Centre’s one-time spectrum charge imposed on both Bharti Airtel and Vodafone Idea. This verdict was granted after the court ruled that the government lacked the authority to retrospectively change the financial terms of their telecom licenses years after they were originally issued.Corporate Actions and Investment Milestones Several companies reported major operational milestones, from significant revenue growth in...
Rate Hike Specter Looms: Why Global Risks Could Force RBI to Act in 2027 if Inflation Deepens
Rate Hike Specter Looms: Why Global Risks Could Force RBI to Act in 2027 if Inflation Deepens The Reserve Bank of India (RBI) is widely expected to maintain a cautious, data-dependent stance on interest rates through 2026. However, the possibility of rate hikes emerging in calendar year 2027 has grown increasingly pronounced as global fuel costs, persistent food price pressures, and geopolitical disruptions mount significant inflationary risks.International financial analysts suggest that while current domestic growth shows signs of moderation, these supply-side shocks could eventually compel the central bank to revise its monetary policy.International View on Future Rate Decisions Financial institutions are keenly monitoring the...
Ather Energy Announces Board Meeting to Approve Multi-Instrument Fundraising Plan
Ather Energy Announces Board Meeting to Approve Multi-Instrument Fundraising Plan Ather Energy Limited has announced that its Board of Directors will meet on Friday, June 12, 2026, to consider and approve a proposal for raising funds through various security issuances.The company intends to raise capital by issuing a combination of securities, which include equity shares, foreign currency convertible bonds (FCCBs), non-convertible debentures, warrants, or other eligible instruments representing equity shares or convertible into equity shares. These funds can be raised in Rupee denomination or denominated in one or more foreign currencies.The proposed fundraising methods are broad and may encompass a public issue, rights issue...
NIS Management Ltd Wins Renewal of Work Orders from Reliance Group Worth Nearly ₹15 Crore
NIS Management Ltd Wins Renewal of Work Orders from Reliance Group Worth Nearly ₹15 Crore NIS Management Limited has secured the renewal of several work orders from the Reliance Group, amounting to INR 14,94,48,448.60. The contracts pertain to essential support services for various entities within the group.The renewal includes business across seven different companies belonging to the Reliance umbrella. These include Reliance Projects and Property Management Services Limited, V-Retail Limited, Reliance Brands Limited, Reliance Luxe Beauty Limited, Reliance Brands Eyewear Private Limited, Reliance Ritu Kumar Private Limited, and Reliance Gas Lifestyle India Private Limited.NIS Management Ltd will provide Housekeeping Services, MEPC...
Muthoot Capital Services Completes Securitization, Raising Over ₹85 Crore Funds
Muthoot Capital Services Completes Securitization, Raising Over ₹85 Crore Funds Muthoot Capital Services Limited (MCSL) successfully completed a securitization transaction on June 08, 2026. Through this transaction, the company raised a substantial amount of funds by assigning receivables totaling ₹90,54,56,233.The company secured ₹85,11,28,859.02 in tranches during the securitization process. The assigned pool represents non-priority sector assets and was managed according to relevant guidelines.This initiative marks the second securitization transaction conducted by Muthoot Capital Services Limited for the financial year 2026-27.Key details of the securitization transaction are summarized below:MetricDetailsDate of...
Precision Electronics Ltd Awarded Order Worth About Rs 37 Crore from Ministry of Home Affairs
Precision Electronics Ltd Awarded Order Worth About Rs 37 Crore from Ministry of Home Affairs Precision Electronics Ltd has secured a significant contract worth approximately Rs 37 Crore, awarded by the Ministry of Home Affairs, Government of India. The order pertains to the supply of Surveillance Systems along with necessary accessories and represents a major business development for the company.The contract is domestic in nature and is scheduled to be executed within the current financial year (2026-27). Due to confidentiality and commercial sensitivity regarding national security matters, the specific name of the entity awarding the order could not be disclosed.Precision Electronics Ltd confirmed that there are no interests held...
GMR Power and Urban Infra Sells 26% Stake in Airport Land Venture as Strategic Shift
GMR Power and Urban Infra Sells 26% Stake in Airport Land Venture as Strategic Shift GMR Power and Urban Infra Limited, alongside Shree Naman Developers Private Limited, has agreed to sell its entire stake in Portus Ventures Private Limited (PVPL) to Adani Airport City Limited. The transaction involves the sale of the company's 26% equity stake in PVPL, a joint venture established for land development activities within the Chatrapati Shivaji Maharaj International Airport in Mumbai.The share purchase agreement was executed on June 08, 2026. This divestment marks GMR Power and Urban Infra Limited’s exit from the project, which has recently transitioned into the construction phase. Following the transfer of the entire stake, PVPL will...
Fino Payments Bank Reports May 2026 Performance: Loan Disbursals Jump While Throughput Slows
Fino Payments Bank Reports May 2026 Performance: Loan Disbursals Jump While Throughput Slows Fino Payments Bank Ltd released its business performance update for May 2026, highlighting robust growth in deposit mobilization and loan referral disbursals, while noting moderation in transaction throughput.The bank's operational snapshot shows significant increases across several customer-facing metrics. The following table details the key highlights of Fino Payments Bank’s business performance comparing May 2026 to May 2025:ParticularsUnitMay '26May '25YoY (%)Accounts OpenedNos.2,93,6002,27,24429%Average Total Deposits₹ Cr2,7622,50910%Digitally Active CustomersLakh62.652.419%FinoPay Active CustomersLakh7.25.922%...
President of India, Acting Through Ministry of Coal, Proposes Offer For Sale of NLC India Limited Equity Shares
President of India, Acting Through Ministry of Coal, Proposes Offer For Sale of NLC India Limited Equity Shares NLC India Limited has a portion of its equity shares available for public offering through a proposed offer for sale (OFS) by its promoter. The shares are being sold by the President of India, acting through the Ministry of Coal, Government of India.The total offer is structured in two parts: a Base Offer Size and an Oversubscription Option, collectively representing up to 3.00% of the company's paid-up equity share capital.Key Details of the Equity OfferThe details regarding the proposed sale are as follows:MetricDetailSeller/PromoterThe President of India, acting through the Ministry of Coal, Government of India...
Persistent Systems to Absorb MediaAgility India in Internal Restructuring Move
Persistent Systems to Absorb MediaAgility India in Internal Restructuring Move Persistent Systems Limited has approved the merger of its Wholly Owned Subsidiary, M/s. MediaAgility India Private Limited, through absorption into the parent company as part of an internal restructuring initiative. The Board of Directors sanctioned the proposal during a meeting held on June 8, 2026.The integration is aimed at achieving entity rationalization and operational efficiency within the corporate group. This merger involves the acquisition of MediaAgility India Private Limited by Persistent Systems Limited.Details regarding the two entities forming part of the amalgamation/merger were reported as follows:EntityPaid up Capital (as of March...
Time Out Market Delhi Franchise Agreement Signed with Quint Digital, Marking Global First
Time Out Market Delhi Franchise Agreement Signed with Quint Digital, Marking Global First Time Out Group plc has announced a binding franchise agreement with Quint Digital Limited, India's leading media-tech company. This deal paves the way for the development and operation of Time Out Market Delhi, representing the first global franchise agreement for a Time Out Market concept.The agreement follows a three-year exclusive option granted to The Quint in May 2025 to explore Time Out Market opportunities within India. Under the partnership, Quint Digital will be responsible for developing, funding, and operating Time Out Market Delhi, adhering strictly to Time Out's globally recognized Market concept and operational standards.The...
Him Teknoforge Ltd Posts Robust Performance in FY26; Consolidated PAT Surges 29.2% on Operational Strength
Him Teknoforge Ltd Posts Robust Performance in FY26; Consolidated PAT Surges 29.2% on Operational Strength Him Teknoforge Ltd., a key manufacturer of automotive and agri-machinery components, reported a strong performance for the quarter ending March 31, 2026. The company specializes in forged and machined parts for transmission, differential, steering, and suspension applications, supplying OEMs and selling through its Indian aftermarket brand KAG.The consolidated financial results demonstrate steady growth across key metrics, highlighting improvements in profitability and operational efficiency as the company continues to invest in capacity expansion and product diversification.Q4 FY26 Consolidated Financial Overview Him...
SpaceX Faces Long Wait to Join S&P 500 as Index Rules Remain Rigid Amid IPO Anticipation
SpaceX Faces Long Wait to Join S&P 500 as Index Rules Remain Rigid Amid IPO Anticipation SpaceX's highly anticipated market debut is set against a backdrop of strict index requirements. The S&P Dow Jones Indices have declined to ease regulations for megacap IPOs, thereby delaying the potential inclusion of SpaceX into its prestigious indexes and billions in passive fund inflows.The decision keeps several foundational barriers intact that are crucial for entry. To be included in the S&P 500, a company must meet three primary hurdles: it must trade publicly for at least 12 months, demonstrate profitability under U.S. accounting standards, and hold a free float of no less than 10%.S&P 500 Entry Requirements vs SpaceX's Profile The...
Persistent Systems Ltd Board Approves Key Director Reappointments, Announces Major Internal Restructuring
Persistent Systems Ltd Board Approves Key Director Reappointments, Announces Major Internal Restructuring Persistent Systems Limited confirmed several critical approvals following the meeting of its Board of Directors. The company approved the reappointment of four Independent Directors, detailed proposals for internal restructuring involving a subsidiary transfer and a merger, and ratified the Annual Report for the Financial Year 2025-26.The board meetings conducted by Persistent Systems Ltd led to multiple decisions regarding corporate governance and operational streamlining. Key approvals centered on ensuring leadership continuity across various director roles and executing strategic entity rationalization within the group...
Indian Pharmaceutical Sector Poised to Double: Minister Goyal Launches Call for Global Partnerships and Innovation
Indian Pharmaceutical Sector Poised to Double: Minister Goyal Launches Call for Global Partnerships and Innovation Union Minister of Commerce & Industry Shri Piyush Goyal has issued a major invitation to global pharmaceutical companies, projecting that India's pharma industry could double its size within the next five years. Addressing stakeholders at the Global Ambassador Meet on Pharmaceutical Sector in New Delhi, Mr. Goyal stressed that while affordable medicine remains paramount, India is actively transitioning toward innovation-driven products.Currently valued at approximately $60 billion, the sector represents a crucial component of global healthcare supply chains. The Minister outlined a vision where India serves not just as a...
Persistent Systems Transfers 100% UK Shareholding to Aepona Group in Internal Restructuring Move
Persistent Systems Transfers 100% UK Shareholding to Aepona Group in Internal Restructuring Move Persistent Systems Limited has approved a significant organizational restructuring move involving its European operations. The company's Board of Directors determined that achieving entity rationalization and operational efficiency within the group necessitates transferring the entire shareholding of Persistent Systems UK Limited.The transfer entails moving the 100% stake of Persistent Systems UK Limited from Persistent Systems Limited, India, to Aepona Group Limited, Ireland. This transaction is set to take place upon the execution of the Share Purchase Agreement (SPA) in due course.This move impacts the operational structure and...
Back
Top