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…
LIC Introduces New Jeevan Sathi Insurance Plans India’s largest life insurer, LIC, has announced the launch of two new insurance products under the Jeevan Sathi category as part of its broader strategy to strengthen its savings-oriented offerings in the domestic market. The newly launched plans include: New Jeevan…
Indian Markets Open Strong Indian benchmark indices continued their upward momentum for the second consecutive trading session. At around 9:30 AM, the BSE Sensex surged over 900 points to trade near 76,318, while the Nifty 50 climbed close to 24,000 levels. During intraday trade: Sensex touched a high…
