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Apollo Micro shares jump 4%, but Premier Explosives falls on ₹1,550 crore deal
The transaction will combine complementary capabilities in defence systems and energetic materials in both companies, enable operational efficiencies and enhanced R&D, bring about broader participation in defence and space-related programmes and support next-generation defence and space programs.
Apollo Micro Systems shares rally 5% on Rs 1,550 crore deal to acquire 41% stake in Premier Explosives
Apollo Micro Systems shares gained 5% after it sought to acquire Premier Explosives' promoters' stake for Rs 1,550 crore. This strategic acquisition aims to enhance capabilities in defence and aerospace sectors. The transaction is expected to conclude by December 2026 after necessary approvals. Apollo Micro Systems will also make a mandatory open offer to public shareholders. This move strengthens India's defence manufacturing and indigenous ecosystem.
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.

Groww says direct mutual funds remain core offering amid confusion over MF Prime
The investment platform clarified that its new MF Prime service is an optional offering for investors seeking research-backed guidance and does not replace its zero-commission direct mutual fund platform.

'Third Time If Necessary': Israel Hints At Joining US In Renewed Military Campaign Against Iran
Israeli Defence Minister Israel Katz has warned of attacking Iran again if needed.
Groww responds to Nithin Kamath tweet: Direct mutual funds remain free for DIY investors
Groww assures investors direct mutual funds remain free for do-it-yourself users. The platform stated its commitment to zero-commission offerings for these investors. This clarification follows recent discussions regarding mutual fund offerings in the market.

Multibagger defence stock Apollo Micro Systems to be in focus on Friday; here's why - livemint.com
Multibagger defence stock Apollo Micro Systems to be in focus on Friday; here's whylivemint.com

BSNL launches new satellite phone at ₹1.34 lakh in India, says 'ideal for remote ops': All you need to know
BSNL launched a satellite phone priced at ₹1.34 lakh to enhance communication services for the defence, maritime, and disaster management sectors. The device reportedly supports voice calling and SMS in areas lacking conventional cellular networks.
Zerodha will keep direct mutual fund plans for free, says Nithin Kamath
Zerodha founder Nithin Kamath reaffirmed the company’s commitment to offering direct mutual funds free of charge. He said Coin has helped investors save commissions, while many rival platforms have exited or reconsidered the low-cost direct mutual fund business model.

'Disappeared Or Pivoted': Nithin Kamath Takes Swipe As Groww Shifts To Regular MFs
Kamath defends direct MFs as Groww expands into regular mutual fund offerings.

One nation, one KYC could unlock the next phase of mutual fund growth, says SBI Funds
DP Singh, Joint CEO and RS Srinivas Jain, Executive President & Chief of Strategy at SBI Funds Management discuss how simpler onboarding could bring millions of new investors into mutual funds, the huge growth opportunity within SBI's customer base, rising SIP inflows, the shift towards higher-margin active equity funds, and the company's long-term growth outlook.

India’s defence stocks are expensive for a good reason
Defence stocks in India are trading at a 50% premium to global peers because growth has yet to unfold.