Market News
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AI could become growth driver for Indian IT in 6-12 months: Wedbush
Moshe Katri, Managing Director-FinTech & Tech-Enabled Services Investment Banking at Wedbush Securities discusses why TCS' April-June quarter of 2026 (Q1FY27) was better than feared, why concerns over Microsoft, Amazon and OpenAI are overblown, and why artificial intelligence (AI) could follow the same growth path as cloud and digital transformation.
Moneyview, Chandan Steel get Sebi's approval to raise funds through IPOs
Fintech unicorn Moneyview and Chandan Steel have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the regulator showed on Friday. Moneyview filed preliminary IPO papers with Sebi in March, while Torrent Gas confidentially submitted draft documents with the regulator in April. The confidential filing route allows companies to submit draft offer documents to Sebi for review without immediately making commercially sensitive information public. After reviewing the draft papers submitted by the two firms, the regulator gave its 'observations' between June 29 and July 2,which, in Sebi's parlance, is equivalent to a go-ahead to float the public issue. Meanwhile,oilfield services provider Shivganga Drillers withdrew its draft papers on June 30, the update showed. The company filed preliminary papers with Sebi in December 2025 to mobilise Rs 400 crore through its IPO. The proposed maiden public offering was a completely fresh issue of shares wi
Stocks to Watch today: Adani Enterprises, Tata Motors PV, BPCL, Coal India
Stock to Watch today, July 3: Hindustan Zinc, Bajaj Housing Finance, LG Electronics India, PB Fintech, and Titagarh Rail Systems are among the top stocks to remain in focus today
Stocks in news: Marico, Adani Enterprises, Tata Motors PV, PB Fintech, PNB
Indian markets saw a second day of gains, with the Nifty reclaiming its 100-day moving average, signaling a bullish trend. Key companies like Marico, Tata Motors PV, and Adani Enterprises are in focus due to strong Q1 updates and fundraising plans. PNB and Bank of India reported significant credit growth, while HDFC Bank is enhancing its AI and fraud detection capabilities.
Zaggle secures multi-year deal to provide enterprise software to NBFC APAC Financial
The fintech firm has signed a five-year agreement to provide its procurement and employee expense management platforms to APAC Financial Services, with revenue linked to user adoption and usage levels.
23 firms launch IPOs worth ₹27,000 cr in 2026; 236 proposals await launch
After a strong run in 2025, India's primary market witnessed a slowdown with 23 companies tapping the Initial Public Offering (IPO) route to mobilise over Rs 27,000 crore in 2026 so far, amid heightened volatility and macro uncertainty, according to a report released by Equirus Capital on Tuesday. This came following a launch of 103 maiden public issues in 2025, together raising Rs 1.76 lakh crore. This fundraising figure far exceeded the Rs 1.6 lakh crore raised by 90 firms in 2024 and the Rs 49,436 crore garnered by 57 companies in 2023. However, the IPO activity is showing signs of a major pickup as geopolitical tension eased with insurtech firm Turtlemint Fintech Solutions and Advit Jewels slated to launch their public issues this month. Further, Waterways Leisure Tourism Ltd, the operator of Cordelia Cruises, is also expected to come out with its maiden public offering this month. The public issues of insurtech firm Turtlemint Fintech Solutions and Advit Jewels are scheduled t
Paytm to hire 4,000 employees by March 2027 despite fresh layoffs
Indian fintech pioneer Paytm is set to hire about 4,000 people over the next nine months, part of a pivot aimed at expanding its merchant network and artificial intelligence-driven product offerings.
Top Gainers & Losers on June 3: TCS, Coforge, PB Fintech, JM Financial, Tata Elxsi, Thermax among top losers today
The Indian stock market fell on June 3, with the Nifty 50 down 0.36% and the Sensex down 0.54%. Rising crude oil prices and escalating Middle East tensions contributed to the decline, impacting investor confidence and market sentiment.
PB Fintech sees Rs 665 crore block deal as founders pare stake; Goldman among other top funds buy
PB Fintech founders Yashish Dahiya and Alok Bansal sold 38 lakh shares worth Rs 665 crore in a block deal. The shares were purchased by various institutional investors, including Goldman Sachs and Tata Mutual Fund, following the company's recent performance.
MobiKwik shares surge 8% after the company gets RBI nod for payment aggregator license
One MobiKwik Systems shares surged after the company received in-principle RBI approval for its Payment Aggregator-Physical licence, strengthening its offline merchant payments business. The fintech firm also reported a return to profitability in Q4 FY26, supported by revenue growth and improving operational performance across its merchant ecosystem.
Aurionpro wins 3-year deal with US based fintech platforms
Aurionpro Solutions, through its US-based subsidiary Aurionpro Fintech Inc., announced its largest order win in the US market with the signing of a strategic three-year engagement with one of the leading fintech platforms in the United States specializing in digital insurance payments. The engagement marks a significant expansion of Aurionpro's existing relationship with the customer, which currently leverages our cutting-edge payments framework software and allied services.
Aurionpro Solutions shares jump 4% after securing $33 million US fintech deal
Aurionpro Solutions shares rose after Aurionpro Fintech Inc signed a three-year, $33 million deal with a leading US digital insurance payments platform under which it will provide proprietary software and advanced technology solutions.