SBI Mutual Fund has strengthened its position in Urban Company by acquiring an additional 4% stake in a transaction valued at approximately ₹632 crore. The move comes alongside the exit of key institutional investors, including Wellington Management Company and DF International Partners. Strategic Investment by SBI Mutual Fund…
Foxconn is undergoing a strategic transformation, with its artificial intelligence (AI) business emerging as a primary revenue driver, surpassing its traditional consumer electronics segment. AI Business Becomes Core Revenue Contributor In 2025, Foxconn’s cloud and networking division—encompassing AI server manufacturing—contributed 40% of total revenue, overtaking the consumer electronics…
Punjab National Bank has issued a notification to customers holding inoperative accounts, urging them to complete their Know Your Customer (KYC) formalities by April 15, 2026. Accounts that remain non-compliant beyond this deadline may face closure from April 16, 2026 onward. What Qualifies as an Inoperative Account? As…
Shares of Swan Defence and Heavy Industries Limited are drawing market attention after promoter Hazel Infra Limited announced plans to divest a portion of its holding through an Offer for Sale (OFS). Offer for Sale Details Hazel Infra Limited intends to offload up to 26,38,747 equity shares, representing…
State-run enterprises in Punjab recorded a significant deterioration in financial performance during FY 2022–23, posting aggregate losses of ₹4,809 crore, compared to a profit of ₹1,270 crore in the previous fiscal. CAG Highlights Worsening PSU Performance According to findings by the Comptroller and Auditor General of India, the…
Shree Cement: Declared the preferred bidder for the Dommarnandyala-1 limestone block in YSR Kadapa district, Andhra Pradesh, spanning 373 hectares. Varun Beverages: Its subsidiary has acquired a 100% stake in Crickley Dairy, South Africa, for ₹131.4 crore, aiming to expand into value-added dairy and juice segments. Swan Defence…
March 18, 2026
Market View 18th March, 2026
View on market: Volatility persists, eagerly searching for growth: Global markets showed a mixed but slightly positive trend. Futures linked to the S&P 500 and Euro Stoxx 50 moved higher, indicating a stable start in Western markets. Asian markets opened on a strong note, supported by mild gains…
AGNIT Semiconductors has secured $2.6 million in a seed extension round led by Shastra VC, with continued participation from existing investors 3one4 Capital and Zephyr Peacock. This latest funding follows the company’s earlier $3.5 million seed round in 2024, taking its total capital raised to over $7 million.…
India’s passenger vehicle segment recorded healthy growth in February, with dispatches increasing 10.6% year-on-year to 4,17,705 units, according to data released by the Society of Indian Automobile Manufacturers. The rise reflects sustained demand across both urban and semi-urban markets, supported by favourable economic conditions and continued product innovation…
Ola Electric is reportedly planning to raise up to ₹2,000 crore through a stake dilution in its battery arm, Ola Cell Technologies (OCT). The proposed fundraise is part of the company’s broader strategy to strengthen its balance sheet and accelerate its battery manufacturing roadmap. Strategic Stake Sale to…
