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JSW Steel block deal sees GQG, SBI MF as key buyers
GQG Partners and SBI Mutual Fund emerged as key buyers in a block deal of JSW Steel on May 18, reflecting in the day’s institutional inflow data. The transaction, valued at around ₹3,150 crore, saw JSW Energy offload 2.5 crore shares at ₹1,260 apiece. GQG acquired 1.5 crore shares, while SBI Mutual Fund picked up 1 crore shares, indicating strong institutional appetite for the steel major.
FTAs, Lower Import Duties, Better Business Environment To Boost Net FDI Flows: ADB Chief Economist
The Asian Development Bank (ADB) in April projected India's GDP growth to remain "robust" at 6.9 per cent in the current fiscal year, and rise to 7.3 per cent in FY28, driven by strong domestic demand.
‘Time for alpha’: Motilal Oswal AMC CEO sees these sectors leading next market cycle
Motilal Oswal AMC MD & CEO Prateek Agrawal said the current market environment favours active investing and emerging growth sectors over traditional index-heavy plays. Agrawal also said gold duty hikes were less severe than expected and added that mutual fund inflows remain stable despite market volatility.
Millenia WB Yield Fund commits Rs 41 crore for villa project in Hyderabad
WhiteBoard Advisory and Management, along with Casagrand, have secured SEBI approval for a Rs 500 crore fund. This capital will fuel growth for residential projects, with initial focus on Chennai, Bangalore, and Hyderabad. The fund aims to deliver yield-based returns to investors. Casagrand, a leading developer, is also pursuing an IPO.
SBI Q4 profit rises 6%, investors cautious over bond yield impact
State Bank of India achieved its second-highest annual corporate profit, reaching ₹83,299 crore. Despite robust loan growth, investor sentiment dipped due to margin pressures and treasury losses. The bank's net profit rose 6% in the fourth quarter. Chairman CS Setty expressed confidence in continued credit growth for the current fiscal year.
S&P Sees India's Growth Slowing To 6.6% In FY27, Stresses Viksit Bharat Reforms
India's GDP growth is projected to moderate to 6.6% in the current fiscal from the earlier estimated 7.1%.
IEX records 16.6% YoY growth in traded electricity volumes in April
Indian Energy Exchange(IEX) recorded a monthly electricity traded volume of 12,341 MUs in April 2026, a robust 16.6% increase year-on-year. A total of 1.18 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 59.4% year-on-year.
BSNL sets ambitious Arpu target of ₹150 in FY27 amid concerns over growth metrics
With a recent 42% rise in Arpu to ₹101, Bharat Sanchar Nigam Ltd aims to capitalize on network modernization and 4G expansion to increase average revenue per user.
Gujarat Cotex to raise nearly Rs 43 cr through rights issue
Gujarat Cotex is set to raise approximately Rs 43 crore through a rights issue to fund its expansion projects, including a new premium hotel. The issue, offering six shares for every one held, opened on April 10 and closes May 8. Proceeds will also bolster the company's financial standing as it diversifies into real estate, hospitality, and agri-commodity trading.
These seven stocks gained up to nearly 14% to hit fresh record highs today
Emcure Pharma, Tenneco Clean Air, Emmvee Photovoltaic, GE Sipping, Welspun Corp, Bharat Forge and MCX are the stocks that hit fresh record highs in trade on Wednesday, April 29. The stocks have gained in the 2.9% to 13.7% range.
HG Infra Engineering sells 100% stake in subsidiary for ₹282 crore
The company transferred its 100% equity stake in HG Raipur Visakhapatnam OD-6 Private Ltd to Neo Infra Income Opportunities Fund. Shares of HG Infra Engineering Ltd ended at ₹606.50, down by ₹11.50, or 1.86%, on the BSE today, April 23.
IEX Q4 Results | Net profit rises 11% on high revenue growth; ₹2 dividend declared
The company recommended a final dividend of ₹2 per share. Shares of Indian Energy Exchange Ltd ended at ₹126.90, up by ₹1.10, or 0.87%, on the BSE today, April 23.