Markets

CRISIL Upgrades Premier Energies’ Long-Term Credit Rating to A+/Positive Premier Energies Limited, a leading integrated solar manufacturer in India, has seen its long-term credit rating upgraded by CRISIL. The agency assigned the 'A+/Positive' rating to the company.The upgrade highlights the financial standing of Premier Energies Limited within the sector.Premier Energies is noted as one of India's prominent publicly listed companies and integrated solar manufacturers. With over 30 years in solar manufacturing, the company maintains a significant presence in the industry.PREMIERENE Stock Price Movement Shares of Premier Energies Limited are edging higher as of 2:00 PM, trading at ₹1019.6 after gaining 0.40% or ₹4.10. The stock...

EaseMyTrip Launches ReSave to Provide Post-Booking Fare Savings and Enhance Price Transparency EaseMyTrip, a leading online travel technology platform in India, has introduced 'ReSave,' a new zero cost flight add on designed to help travelers benefit from fare drops even after completing their booking. This technological offering strengthens the company's value proposition by extending support beyond the initial point of sale.The introduction of ReSave directly addresses the uncertainty faced by travelers when fares can fluctuate following a purchase. The service is designed to mitigate this post booking gap by continuously monitoring booked flight itineraries for eligible price reductions, enabling customers to access applicable...

Equitas Small Finance Bank Clarifies Relationship with Unico Housing Finance Over Single Deposit Transaction Equitas Small Finance Bank Limited has issued a factual clarification addressing questions raised regarding its association with Unico Housing Finance Private Limited concerning business transactions and related party activities. The bank confirmed that aside from one specific deposit transaction, there have been no other business dealings between the two entities before or since this date.The clarification responded to queries suggesting a defined "nexus" between Equitas SFB and Unico. While such terms may imply broader transactions, the bank stated that, barring the noted single deposit, both organizations have maintained...

ICICI Bank Limited Issues USD 750 Million Senior Unsecured Fixed Rate Notes ICICI Bank Limited, acting through its IFSC Banking Unit, has issued USD 750 million in Senior Unsecured Fixed Rate Notes. This issuance is part of the bank’s larger USD 7.5 billion Global Medium Term Note Programme. The notes were priced at USD 1:39 a.m. IST.The debt instruments are designated as USD denominated Senior Unsecured Fixed Rate Notes and constitute a Category 2, 144A/RegS Registered drawdown under the bank’s global programme. The proceeds generated from the issue of these notes will be allocated to the Issuer for general corporate purposes in line with relevant regulatory guidelines.The notes have a tenure of five years, maturing on August 21...

Acutaas Chemicals Limited Secures ECMS Incentive Approval for Electrolyte Additives Manufacturing Acutaas Chemicals Limited has received crucial approval for the incentive package under the Electronics Components Manufacturing Scheme (ECMS). The scheme relates specifically to the company's Electrolyte Additives manufacturing business.The approval was granted by Engineers India Limited, acting as the Project Management Agency (PMA) on behalf of the Ministry of Electronics and Information Technology (MeitY), following a communication dated August 17, 2026.This strategic incentive is tied to the company's investments in its manufacturing unit located at Jhagadia, Gujarat. The approval details outline a significant financial commitment...

Muthoot Capital Services Limited Approves Up To ₹100 Crores Senior Non-Convertible Debenture Issue Muthoot Capital Services Limited has approved the issuance of up to ₹100 Crores worth of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures (NCDs). This decision was made by the Company's Debenture Issue and Allotment Committee during a meeting held on Tuesday, August 18, 2026.The issuance is structured as a Private Placement and aims to raise funds under the purview of the Board's approved limits. The NCDs are intended for listing on the BSE Limited.The key terms and details regarding the proposed issue include:ParticularsDetailsType of SecuritiesSenior, Secured, Rated, Listed...

Reliance Power Limited and Subsidiary Named in PMLA Complaint; Receives Pre-Cognizance Notice from CBI Reliance Power Limited and its subsidiary, Reliance CleanGen Limited, have been named as proposed accused in a complaint filed by the Enforcement Directorate regarding alleged violations of the Prevention of Money Laundering Act (PMLA). The complaint involves an alleged amount of approximately Rs. 715 crore related to Reliance Home Finance Limited and others.The company received a Pre-Cognizance notice under Section 223 of the Bharatiya Nagarik Suraksha Sanhita, 2023, from the Special Judge, CBI in New Delhi concerning the matter.In response to the developments, Reliance Power Limited stated that it will take all appropriate steps...

Reliance Infrastructure Receives Pre-Cognizance Notice in PMLA Case Reliance Infrastructure Limited has received a pre-cognizance notice following a complaint filed by the Enforcement Directorate (ED) concerning alleged financial improprieties involving the company and Reliance Home Finance Limited.The company is listed as one of the proposed accused in the ED complaint, which relates to Section 3 and 4 of the Prevention of Money Laundering Act (PMLA). The matter has been brought before a Special Judge of the CBI in New Delhi.Reliance Infrastructure Limited confirmed that it received the pre-cognizance notice under Section 223 of the Bharatiya Nagarik Suraksha Sanhita, 2023. The complaint filed by ED relates to an alleged amount of...

INDO-MIM Limited Announces Quarterly Results, Appoints Secretarial Auditor INDO-MIM Limited, formerly known as INDO-MIM Private Limited, announced the outcomes of its Board of Directors meeting held on August 17, 2026. The company approved key corporate matters, including its unaudited financial results and the appointment of a Secretarial Auditor, while also confirming the payment of dividends.The Board reviewed and approved the unaudited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2026, along with related findings from the Statutory Auditors.Financial Performance Snapshot The company's financial performance for the quarter ending June 30, 2026, showed significant operational details across both...

Mastek Limited Completes Sale of Commercial Property in Chennai for Rs 60 CroresMastek Limited has successfully completed the sale of a commercial building located in Mahindra World City, SEZ, Chengalpattu, Chennai. The transaction involved the disposal of the asset along with its associated land, receiving an aggregate consideration of Rs 60 crores.The company sold the commercial property, which boasts an approximate built-up area of 1,57,233 Sq. Ft., situated on a leased land measuring 15.50 acres. The sale and disposal were finalized on August 17, 2026, with the consideration received in two tranches.The buyer for the property is Caresoft Mobility Private Limited. Mastek Limited confirmed that this transaction does not fall...

Veerhealth Care Reports Strong Q1FY27 Results, Driven by High Growth and Global Expansion Veerhealth Care Limited, a fast-growing company specializing in Vegan Ayurvedic and Herbal Cosmetic products through its Ayuveer brand, announced its un-audited financial highlights for the first quarter of FY27. The results reflect substantial growth across key operational metrics while highlighting significant strategic achievements, including receiving USFDA clearance for its Drug (OTC) exports.The company focuses on crafting ayurvedic medicines and oral care products using natural ingredients, maintaining a commitment to both quality and affordability in the market.Q1FY27 Standalone Financial Highlights Veerhealth Care demonstrated robust...

Court Affirms Summary Judgment in Favor of Sun Pharma in US Antitrust Litigation Over Lipitor Sun Pharmaceutical Industries Limited has secured a significant legal victory in ongoing antitrust litigation in the United States related to its involvement with generic Lipitor (Atorvastatin). The United States Court of Appeals for the Third Circuit has affirmed the order granted by the United States District Court, granting summary judgment in its entirety in favor of Sun Pharma and its subsidiaries.The litigation stemmed from a 2008 patent litigation settlement agreement between Sun Pharmaceutical Industries Limited and certain subsidiaries with Pfizer concerning generic Lipitor. The plaintiffs had alleged that this settlement unlawfully...

Aurobindo Pharma Reports US FDA Inspection Status for North Carolina Facility as Voluntary Action Indicated Aurobindo Pharma Limited has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) regarding its Raleigh Plant in North Carolina, USA. The facility, which is owned by Aurolife Pharma LLC, a wholly owned step down subsidiary of the company, has been classified as "Voluntary Action Indicated" (VAI).The inspection took place from March 24, 2025, to April 10, 2025. During the audit, Form 483 was issued, noting a total of 11 observations.The USFDA has concluded that the inspection process is now closed following the issuance of the EIR and the classification of the plant as...

Horizon Industrial Parks IPO Opens: GMP Signals Modest Gains as ₹2,600 Crore Fresh Issue Targets Debt Reduction The Horizon Industrial Parks IPO opened for subscription on Monday, drawing mild interest in the grey market. The issue is a fresh offering totaling ₹2,600 crore and currently commands a 6% premium over its issue price, suggesting expectations of a controlled listing gain. Investors who wish to participate must subscribe before August 19, 2026, with allotment expected by August 20.The IPO has set the price band at ₹57 to ₹60 per share, and retail investors require a minimum investment of ₹15,000 for one lot, given the fixed minimum lot size of 250 shares. The company is set to list on both the NSE and BSE on August 21, with...

Gold Prices Surge Across India as Buyers Compete for Best Rates Amid Wedding Season Demand Gold remains a crucial asset in the Indian market, sought after not only as an investment but also for personal adornment and traditional wedding gifts. As demand persists across urban centers, consumers are advised to thoroughly compare rates between major jewellers before making any purchase. This comparison is vital to ensure an informed decision and securing the most favorable rate available today, August 17, 2026.Brand-wise 22K Gold Rates Across Major MetrosThe price of 22K gold jewellery across various metropolitan cities shows slight variations between leading brands. Tanishq maintained a consistent rate of ₹14,315 per gram for 22K gold...

Shiprocket IPO Reaches Near 100x Subscription as Allotment Date Set amid Tech Boom Shiprocket is scheduled to finalize the basis of allotment for its highly subscribed initial public offering (IPO) today, August 17. The Rs 1,617.48-crore issue saw intense demand during the three-day bidding period, with the subscription tallying nearly 99.38 times.The IPO generated a massive influx of interest across all investor categories. Qualified Institutional Buyers (QIBs) spearheaded the demand, achieving a high subscription rate of 122.80 times. Non-Institutional Investors (NIIs) and retail investors also showed strong conviction in the stock, subscribing at 88.99 times and 46.42 times, respectively.IPO Performance and Grey Market Sentiment...

Nifty Suffers as Brent Jumps Past $91; Geopolitical Risks Temper Domestic Equity Rally Indian benchmark indices face a subdued trading day, with signs pointing toward losses in both the Sensex and Nifty 50. This cautionary outlook is primarily driven by the surge in crude oil prices and lingering geopolitical concerns stemming from the US-Iran situation. GIFT Nifty was recorded down 85 points, or 0.35 percent at 7:45 am, signaling a muted opening for the Nifty 50 futures.Monday witnessed a fifth consecutive session of declines for Indian equity markets. The Sensex closed at 77,728.16, marking a drop of 281.09 points, or 0.36 percent. Similarly, the Nifty finished at 24,287.65, declining by 78.35 points or 0.32 percent, as global...

Behari Lal Engineering IPO Allotment Today? Check Status After Massive 108x Subscription! Punjab-based iron and steel manufacturer Behari Lal Engineering is set to finalize the allotment basis for its highly subscribed Rs 301.62-crore Initial Public Offering (IPO) on August 17. The issue saw an overwhelming market response, having been booked approximately 108 times across all segments.The IPO, which opened on August 12 and closed on August 14, attracted significant interest from various investor groups. Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) led the demand, with both categories showing a subscription rate of 165 times. The retail portion was also strong, achieving a subscription multiple of 53.27...

Molbio Diagnostics Surges 21% on Debut, Commanding Massive Market Cap After Stellar IPO Listing Molbio Diagnostics made a resounding debut on both the NSE and BSE today, successfully listing at a significant premium over its initial public offering price. The stock opened at ₹980 per share across exchanges, translating into an impressive gain of 21.44 percent over the issue price of ₹807. This robust performance established the company with an estimated market capitalization of approximately ₹11,293.52 crore.The listing day’s strength surpassed pre-listing expectations. Ahead of the IPO on August 17th, Molbio Diagnostics was already commanding a strong grey market premium (GMP) of ₹116, indicating an early demand premium of 14.37...

Raamdeo Agrawal Slams Zepto IPO Delay: Why Valuation Concerns Make Tapping Public Market Premature Market veteran and investor in Zepto, Raamdeo Agrawal, has strongly criticized the quick-commerce company's decision to delay its proposed Initial Public Offering (IPO). Agrawal views the postponement as a sign that Zepto needs to reassess its valuation strategy amidst intense market scrutiny.The decision follows discussions where Zepto agreed with major shareholders to close a pre-IPO equity funding round, instead of moving forward with the planned public debut. The move comes after significant concerns arose regarding the IPO's potential valuation range.Valuation Disconnect and Public Market Reality Check Agrawal stated in an...