Expanding Banking Access Through Strategic Collaboration Jio Payments Bank has partnered with Ezeepay to strengthen its presence in regions where access to formal banking services remains limited. The initiative is structured to cover a wide geographical footprint, spanning over 12,000 PIN codes across India, with a focus on…
NFO Timeline and Structure Groww Mutual Fund has announced the launch of its Nifty Private Bank ETF under the New Fund Offer (NFO) route, with subscriptions beginning on May 6, 2026, and closing on May 20, 2026. The fund is designed as an open-ended scheme and will be…
Quarterly Performance Highlights Marico Limited announced its financial results for the quarter ended March 31, 2026, showcasing healthy growth compared to the same period last year. The company’s total income for the March quarter stood at ₹3,393 crore, marking a strong increase of 22.2% on a year-on-year basis.…
Sharp Upside in Railway Stocks Railway wagon stocks emerged as standout performers in an otherwise weak market session, attracting strong buying interest throughout the day. Among the key gainers, Titagarh Rail Systems led the rally with a significant jump of around 13%, touching an intraday level near ₹870.…
Stake Increase Through Gradual Accumulation Nippon India Mutual Fund has raised its shareholding in Sanofi Consumer Healthcare India to 5.04%, following the acquisition of an additional 30,000 equity shares through open market transactions. This purchase marks the final step in a broader accumulation strategy that began in June…
Phased Stake Reduction Over Several Years Life Insurance Corporation of India has undertaken a measured reduction in its stake in Castrol India, opting for a gradual approach rather than a one-time sale. The divestment involved the sale of nearly 1.98 crore shares through open market transactions conducted between…
Profit and Revenue See Significant Upswing Sobha Limited posted a notable improvement in its financial performance during the March quarter. The company reported a profit after tax of ₹92 crore in Q4 FY26, reflecting a sharp sequential jump of 124% and a year-on-year growth of 104%. Revenue also…
Temporary Suspension on Overseas Schemes Axis Mutual Fund has decided to restrict new inflows into certain international schemes in response to industry-wide caps on overseas investments. The suspension will apply to three offerings: Axis Global Equity Alpha Fund of Fund, Axis Global Innovation Fund of Fund, and Axis…
Domestic Investors Expand Market Influence Indian equities are increasingly being driven by domestic capital, as institutional investors within the country continue to deploy significant funds into the market. During the March 2026 quarter, DIIs invested approximately $27.2 billion, pushing their ownership in Nifty 500 companies to an all-time…
Strong Growth Across Vehicle Categories India’s auto retail sector began the financial year on a strong note, with April 2026 sales reaching an all-time high for the month. The overall increase of 12.94% compared to the previous year reflects broad-based demand across multiple vehicle segments. Out of six…
