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Laser Power & Infra IPO opens for subscription; here's everything investors need to know
Laser Power & Infra manufactures power cables, conductors and transmission products through three manufacturing facilities in West Bengal, with a combined installed capacity of 85,448 metric tonnes. Apart from manufacturing, the company also undertakes EPC projects focused on rural electrification, power distribution infrastructure and substation installation.
Laser Power & Infra's ₹742 crore IPO to open for subscription on July 9
Kolkata-based Laser Power & Infra Ltd (LPIL), an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, will launch its Rs 742 crore initial public offering (IPO) on July 9. The issue will close on July 13, according to its red herring prospectus. The IPO comprises a fresh issue of equity shares worth Rs 542 crore and an offer for sale (OFS) of shares aggregating up to Rs 200 crore by promoter selling shareholders, according to filings. Net proceeds from the fresh issue will be utilised towards repayment or prepayment of borrowings amounting to Rs 490 crore and for general corporate purposes. LPIL operates three manufacturing units in West Bengal with a combined installed capacity of 85,448 MT. The company reported revenue of Rs 2,326 crore and net profit of Rs 151 crore in FY26. Its order book stood at Rs 3,243 crore as of March 31, 2026. The firm, which also has an EPC division, is a licensed stranding .
NSE Indices launch 11 new sectoral indices including Nifty Power and Nifty Hospitals
NSE Indices has introduced 11 new sectoral benchmarks, taking its total sectoral index count to 34. The move aims to deepen sector-specific market coverage, support the growing passive investment ecosystem and provide fund managers with new benchmarks for ETFs, index funds and thematic products.
Abb Power Products And Systems receives Investment Bank Analyst Rating Update By Investing.com - Investing.com India
Abb Power Products And Systems receives Investment Bank Analyst Rating Update By Investing.comInvesting.com India
Wholesale price inflation firms up furher, hits 8.30% in April compared to 3.88% in March
India's wholesale price inflation jumped to 8.30% on year in April from 3.88% in March, hitting the highest level in 42 months. The rise was driven by higher inflation across fuel and power, primary articles and manufactured products, indicating broad-based price pressures. Primary Articles index increased by 2.58% in April 2026 to 202.4 (provisional) from 197.3 (provisional) in March 2026. The Price of crude petroleum & natural gas (16.42%), food articles (1.41%) and minerals (0.91%) increased in April 2026 compared to March 2026. The Price of non- food articles (-0.94%) decreased in April 2026 compared to March 2026.
India's Wholesale Inflation Hits 42-Month High Of 8.30% In April On Fuel, Core Pressure
April WPI rise was driven by higher inflation across fuel and power, primary articles and manufactured products, indicating broad-based price pressures in the economy.
Britannia bets on ‘Many Indias’ strategy amid inflation, shifting consumer demand
Britannia is adopting a 'Many Indias' strategy. Startup-style teams will gain local decision-making power. This move aims to boost agility and product customisation for regional markets. The company is also investing in premium products and new food categories. These changes are expected to yield results in the coming quarters.
Stocks to Watch for April 7: Jubilant FoodWorks, Godrej Consumer, Aurobindo Pharma, IRFC and more
From Godrej Consumer Products Ltd expecting double-digit underlying sales growth in Q4 FY26 to IRFC sanctioning and fully disbursing a ₹1,000 crore term loan to Maharashtra State Power Generation Company Limited, here are the stocks to watch ahead of Tuesday’s trading session.
This billionaire has gold inventory worth 16,000 kilos and expects prices to head only one way
The billionaire also said that the recent sharp surge in Gold prices has affected the purchasing power of the customer, making lightweight products the preferred choice.
TVS Q4 FY26: Premium products, EV scale-up to power next growth phase
Strong market share gains and aggressive capacity expansion position the company for sustained long-term growth
Taking Stock: Markets rally for 5th straight day; Sensex, Nifty soar 4% on ceasefire deal
Nearly 100 stocks touched their 52-week high on the BSE, including Adani Energy, Titan Company, ABB India, Natco Pharma, SAIL, Anand Rathi, Aurobindo Pharma, Godawari Power, Granules India, CCL Products, among others.