₹33,660 Crore Outlay for Industrial Expansion Union Commerce and Industry Minister Piyush Goyal stated that the BHAVYA scheme has a proposed outlay of approximately ₹33,660 crore. The industrial parks will be developed with participation from: State governments Union Territories Private sector entities The programme will function under the…
Strategic Green Methanol Partnership Announced The agreement was signed during the 3rd India–Nordic Summit held in Oslo. The proposed project will focus on producing approximately: 300 KTPA (kilo tonnes per annum) of green methanol Also referred to as eMethanol The initiative is expected to become an important step…
SEBI Begins Review of PMS Framework Securities and Exchange Board of India has started consultations with the Association of Portfolio Managers in India to review the existing Portfolio Management Services framework. According to SEBI whole-time member Amarjeet Singh, the regulator is working on a broader assessment of PMS…
Weak Listing on NSE SME Platform NFP Sampoorna Foods opened for trading at ₹54.50 per share, slightly below its IPO issue price of ₹55. Key listing highlights: Listing price: ₹54.50 IPO price: ₹55 Listing discount: ~0.91% Further fall during trade: ₹51.80 Intraday decline: ~5.82% from issue price Lower…
Strong Q4FY26 Earnings Performance Life Insurance Corporation of India reported a net profit of ₹23,420 crore for the March quarter of FY26. Key highlights: Net profit: ₹23,420 crore Growth: ~23% YoY increase Previous year profit: ₹19,013 crore The strong earnings performance places LIC at the top of the…
SME IPO Market Remains Active During the holiday-shortened trading week, no major mainboard IPOs are scheduled. However, the SME (Small and Medium Enterprises) platform continues to see steady fundraising activity. SME IPOs are increasingly being used by smaller companies to: Raise expansion capital Strengthen working capital Reduce debt…
Fuel Price Hike Reduces OMC Under-Recoveries Oil marketing companies have seen a meaningful improvement in financial conditions after the latest round of fuel price increases on May 25, 2026. Before the adjustment: Petrol under-recovery: ~₹13 per litre Diesel under-recovery: ~₹38 per litre After the latest hike: Petrol losses…
Major Refinancing Deal Announced Indian Railway Finance Corporation Limited has signed a ₹13,527 crore term loan agreement with L&T Metro Rail (Hyderabad) Limited, marking one of the largest refinancing transactions in India’s urban transport sector. The agreement was signed on May 25, 2026, and is aimed at restructuring…
SEBI Takes Interim Action in Alleged Market Manipulation Case India’s capital markets regulator has taken strong interim enforcement action in a case involving alleged manipulation of small and medium enterprise (SME) listed stocks. According to reports, the order has been issued against: Hemant Gupta His wife Former wife…
Sterlite Technologies Share Price Hits 5% Upper Circuit After Securing $1.11 Billion Global Contract
Major Global Contract Boosts Investor Sentiment Sterlite Technologies confirmed through a regulatory filing dated May 22, 2026, that it has secured a Product Award Letter (PAL) from an international hyperscale customer. The agreement covers: Supply of optical connectivity products Estimated total value of around $1.11 billion Execution spread…
