JK Tyre & Industries expects to bounce back with double-digit revenue growth in FY26, supported by stronger demand for tyres following recent GST cuts and a pickup in automobile sales across segments. The company, which reported muted revenues in FY25, is banking on both the original equipment manufacturer…
Japanese banking major Sumitomo Mitsui Banking Corporation (SMBC) has completed the acquisition of a 20% stake in Yes Bank, making it the largest shareholder in the private sector lender. The deal was executed through a secondary purchase of shares from State Bank of India (SBI) and a consortium…
Reliance Industries Limited (RIL) has announced the merger of its wholly owned subsidiaries in the Middle East as part of its ongoing corporate restructuring efforts. Reliance Exploration & Production DMCC has been amalgamated with Reliance Industries (Middle East) DMCC, with the merger taking effect on September 16, 2025.…
The Securities and Exchange Board of India (Sebi) has dismissed allegations made by Hindenburg Research against the Adani Group, closing a 15-month-long probe into charges of regulatory violations. In its orders issued on Thursday, Sebi cleared Adani Group chairman Gautam Adani, his brother Rajesh Adani, and group CFO…
View on market: Volatility persists, eagerly searching for growth: Asian shares moved mixed after strong cues from the United States and other global markets following the latest interest-rate cut by the US Federal Reserve. Japanese stocks opened firmly higher, while South Korean shares moved slightly lower. Australian shares…
Dixon Technologies (India) Limited has announced plans to acquire a 51% stake in Kunshan Q Tech Microelectronics (India) Pvt Ltd, a manufacturer of camera and fingerprint modules used in mobile handsets, IoT devices, and automotive applications. The deal, valued at ₹552.99 crore, will be executed through a combination…
Poonawalla Fincorp Ltd has approved the allotment of 3.31 crore fully paid-up equity shares on a preferential basis to its promoter, Rising Sun Holdings Pvt Ltd, raising about ₹1,499.98 crore. The shares were allotted at a floor price of ₹452.51 per share (including premium), according to the company’s…
Waaree Energies Limited, the promoter of Indosolar Limited, has announced plans to sell up to 61 lakh equity shares, representing 14.66% of the company’s paid-up capital, through an Offer for Sale (OFS) mechanism on the stock exchanges. OFS Timeline and Structure Non-retail investors (T-day): September 18, 2025 Retail…
Cochin Shipyard Limited (CSL) has signed a contract with Oil and Natural Gas Corporation (ONGC) worth around ₹200 crore for dry dock and major lay-up repairs of one of ONGC’s jack-up rigs. The project is expected to be completed within 12 months. The company clarified that the order…
The Reserve Bank of India (RBI) has announced the early redemption price for the Sovereign Gold Bond (SGB) 2019-20 Series IV, originally issued on September 17, 2019. This follows recent redemption updates for SGB 2020-21 Series VI and SGB 2019-20 Series X. Redemption Price Fixed at ₹11,003 per…