Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Nodwin Gaming eyes IPO momentum, inducts Manish Agarwal to board
Agarwal had steered Nazara through its 2021 listing. Nodwin, backed by the likes of South Korean gaming software developer Krafton Inc and Japan's Sony Group Corp, is working on a pre-IPO fundraise, where it aims to secure capital from new and existing investors.
Five companies will see shares worth ₹1.15 lakh crore free up for trade today; Details here
WeWork India Ltd., Tata Capital Ltd., BMW Ventures Ltd., Bajaj Housing Finance Ltd., and Advance Agrolife Ltd., are the five companies who will see their shareholder lock-ins end on Monday, April 13. Barring Bajaj Housing Finance and Tata Capital, and Advance Agrolife the other two companies are trading well below their issue price. Even Bajaj Housing, Advance Agrolife and Tata Capital are trading just around their respective issue price.
Wipro to consider share buyback on April 16 after steep stock crash this year
IT services major Wipro announced it will consider a share buyback alongside its fourth-quarter results on April 16. This move follows a significant drop in its stock price and comes amid investor concerns about IT firms' cash return strategies versus AI investments. The potential buyback, the company's first in three years, signals capital allocation action amidst volatile IT stock sentiments.
Advent gets CCI nod to pick up 14.3% stake in Aditya Birla Housing Finance
The Competition Commission of India has approved Advent International's proposal to acquire a 14.3% stake in Aditya Birla Housing Finance. This move involves a significant capital infusion into the housing finance subsidiary. The CCI also cleared other acquisitions, including Citrus Investment LLC's increased shareholding in Hitachi Construction Machinery and Indus Infra Trust's acquisition of KNR SPVs.
Tata Mutual Fund reopens lump-sum investments in small-cap fund after market correction
Tata Mutual Fund has resumed lump-sum investments in its small-cap fund, citing better valuations after recent correction and improved opportunities for long-term capital deployment.
RBI cancels licence of Shirpur Merchants' Co-operative Bank
The Reserve Bank of India has cancelled the licence of The Shirpur Merchants' Co-operative Bank. This action is due to the bank's insufficient capital and future earning potential. The bank will cease all banking operations from April 6, 2026. Depositors will receive their insured amounts up to Rs 5 lakh from DICGC.
Hyundai Motor, LIC, Paytm, Tata Capital, Coal India: How India's biggest IPOs are performing vs issue price - Upstox
Hyundai Motor, LIC, Paytm, Tata Capital, Coal India: How India's biggest IPOs are performing vs issue priceUpstox
Wipro launches GIFT City hub to boost AI-led BFSI transformation
Wipro Ltd opened a new hub at GIFT City, Gandhinagar, to boost AI solutions for BFSI clients, focusing on digital banking and capital markets. It starts with 150 seats, expandable to 500. Shares of the company ended 2.79% lower at ₹188.87 ahead of the announcement on Thursday, March 19. The stock has fallen 26% over the last six months.
GNG Electronics expands DBS credit line to ₹800 crore to boost working capital
GNG Electronics signed a supplemental working capital agreement with DBS Bank India, raising its credit facility to ₹800 crore to support growing needs.
Rupee edges lower against dollar amid oil strength, equity outflows
The Indian rupee opened at 92.42 per US dollar on March 18, weakening by 5 paise from the previous close. Persistent pressure from higher crude oil prices and capital outflows weighed on the currency.
Prostarm Info Systems declared as L-1 bidder by West Bengal Medical Services Corporation
Powered by Capital Market - Live News
upGrad signs term sheet to acquire Unacademy in all-stock deal
The deal between upGrad and Unacademy brings together two of India’s most prominent edtech platforms at a time when the sector is grappling with slower growth and tighter capital availability.