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AI wave exposes ‘structural cracks’ in Indian IT; Envision Capital’s Nilesh Shah warns of slow pivot
Nilesh Shah and Sumeet Jain warn AI is exposing structural weaknesses in India's IT services, favoring firms like Persistent Systems and Coforge with stronger AI driven growth
Sun Pharma Dividend Update: What 6.6 lakh retail holders need to know after Organon deal
At the end of the March quarter, Sun Pharma had a total of 6.6 lakh small retail shareholders, or those with an authorized share capital of up to ₹2 lakh. Starting February 2022, shareholders of Sun Pharma have received ₹62 per share as dividend payouts.
INR weakens near Rs 94 per dollar mark amid resurgence in oil prices
The Indian rupee weakened for the third straight session, losing 39 paise to settle at 93.83 (provisional) against the US dollar on Wednesday as oil prices resumed surge amid uncertainty on US-Iran peace talks eroded hopes of easing West Asia conflict. Intense selling in domestic equity markets and sustained outflow of foreign capital also weighed on the Indian currency. Indian shares fell sharply on Wednesday, with stalled U.S.-Iran peace talks, somewhat hawkish comments from Federal Reserve nominee Kevin Warsh at a Senate confirmation hearing, and a disappointing set of numbers for the fourth quarter from IT major HCL Technologies weighing on sentiment. The Sensex settled 757 points or 0.95% lower at 78,516, while the Nifty 50 ended 198 points or 0.8% lower at 24,378. At the interbank foreign exchange market, the rupee opened at 93.69 and touched an intraday low of 93.87 against the greenback during the session, nearing the 94 level and its lowest level in three weeks.
Buyback Alert: Auto parts manufacturer stock surges 13% on first ever repurchase plan
Within public shareholders, Mutual Funds of the country had a 28.7% stake, while over 71,000 retail investors, or those with authorized share capital of up to ₹2 lakh, had a 8.8% stake in Rolex Rings at the end of the March quarter.
Tata Group stock sees best single-day jump in 16 months after profitability returns in Q4
India's Mutual Funds do not have any shareholding in NELCO, while Schlumberger Ltd. owns a 3.8% stake. As many as 6.9 lakh small retail investors, or those with authorized share capital of up to ₹2 lakh, have a 33.1% stake in the company.
Sebi cuts minimum investment to ₹1,000 for social impact funds to broaden retail participation
This would align the minimum application size requirement for subscribing to Zero Coupon Zero Principal Instruments under Sebi’s ICDR (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Rupee edges higher against dollar, but oil volatility limits gains
Rupee opens slightly stronger at 92.83 per dollar after RBI support, but upside seen limited amid volatile oil, fragile West Asia ceasefire and cautious capital flows.
JM Financial Private Equity, family offices invest Rs 150 cr in NG Electro Products
Consumer goods-focused NG Electro Products has secured Rs 150 crore in funding from JM Financial Private Equity and family offices. The capital infusion will fuel expansion of manufacturing capacity, accelerate R&D and product innovation, and bolster quality and compliance infrastructure. This investment aims to strengthen the company's footprint and deepen its product innovation capabilities.
INR recovers on falling oil prices amid hopes of truce in West Asia
The Indian rupee strengthened by 20 paise to settle at 93.10 (provisional) against the US dollar on Thursday, following a decline in global crude oil prices amid hopes of a truce in West Asia. Dollar pull back to seven week low also supported gains in the counter. However, sustained outflow of foreign capital amid increased dollar demand from importers capped the gain in the local currency. Indian stocks turned weak on Thursday as investors chose to take some profits, cashing in recent gains. Stocks climbed higher early on in the session amid hopes U.S. and Iran will agree on a peace deal later this week. At the interbank foreign exchange market, the rupee opened at 93.29 and touched an intraday high of 93.16 against the greenback. It also fell to the day's low of 93.35.
Paytm now an Indian-owned, controlled company; Retail selling continues
For retail shareholders, or those who have an authorized share capital of up to ₹2 lakh, their holdings in percentage terms in Paytm fell to 8.64% from 8.85% in December.
Buzzing Stock: Real Estate share gains 60% in April, but still down for 2026 and below IPO price
As per its latest shareholding pattern for the quarter that ended in March, Awfis Space Solutions has seen an increase in retail shareholding. As many as 46,000 retail shareholders, or those who have authorized share capital of up to ₹2 lakh, have a 9.5% stake in the company, compared to the 7.87% they held at the end of the December quarter.
INR slips back beyond Rs 93 per dollar mark amid volatile geopolitical situation; RBI in focus
The Indian rupee depreciated around 20 paise to close beyond Rs 93 mark against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. The USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Nevertheless, Indian shares recovered from an early slide to end notably higher on Tuesday as the clock ticked towards a deadline that U.S. President Donald Trump has set to bomb Iranian power plants if it does not open the Strait of Hormuz. Benchmark indexes Sensex and Nifty extended gains for a fourth consecutive session despite Trump describing a "significant proposal" received from Iran as "not good enough" and threatening to decimate Iran within four hours if it did not agree to a deal by Tuesday night. Moreover, market participants ...