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Buyback alert! Welspun Living announces Rs 252-crore share buyback at 30% premium. Check details
Welspun Living announced a Rs 252 crore share buyback through the tender route at a 30% premium to the previous closing price, boosting investor sentiment despite weak Q4FY26 earnings. The company reported declines in profit, revenue and EBITDA during the March quarter, while the stock gained following the buyback announcement.
TVS Group eyes stake in Jana Small Finance Bank through preferential route: Exclusive
CNBC-TV18 had first reported on May 6 in its D-Street Chatter segment that Jana Small Finance Bank was evaluating a potential capital raise. CNBC-TV18 has reached out to both Jana Small Finance Bank and the TVS Group for a comment. While Jana SF did not offer any comment on the story and TVS Group's response is awaited.
India working on subsea gas pipeline project: Oman route plan to help mitigate risks brought to fore by Hormuz Strait block
India is fast-tracking a deep-sea gas pipeline from Oman. This project aims to ensure steady gas supplies and reduce reliance on volatile LNG markets. The estimated ₹40,000 crore pipeline will connect Oman to Gujarat. It is expected to take five to seven years to build. This move addresses India's energy security concerns and its vulnerability to maritime choke points.
Sebi proposes green-channel route to speed up AIF scheme launches
Sebi has proposed easing filing norms and reducing timelines for alternative investment fund scheme launches under a green-channel mechanism
Crude oil prices rise after Trump rejects 'unacceptable' Iran peace offer
The Strait of Hormuz continues to remain relatively shut, despite a Qatari gas tanker having crossed the region for the first time since the war began and a Panama-flagged bulk carrier bound for Brazil navigating the route through a designated area mapped by the Iranian forces.
Wingreens World goes for Safe Harvest via share-swap route
Wingreens World has acquired Safe Harvest in a share swap deal, marking Wingreens' fifth acquisition. The company also secured over ₹120 crore in Series D funding. Wingreens is working towards a public listing in two years. Recent months have seen significant consolidation in the consumer health and wellness sector.
Iran Warns Ships Backing US Sanctions Will Face Disruptions In Strait Of Hormuz
Iran has warned that ships from countries following US sanctions will face disruptions in the Strait of Hormuz. It plans stricter control over the key oil route, raising tensions and concerns over global energy security and maritime stability.
Board of Ujjivan Small Finance Bank approves fund raising up to Rs 2,000 cr via equity route
At meeting held on 08 May 2026
Bajaj Auto announces Rs 5,633 crore share buyback via tender route, sets price at Rs 12,000 apiece
Bajaj Auto approved a Rs 5,633 crore share buyback and Rs 150 dividend alongside strong Q4 results. Profit rose 34% and revenue grew 32%, driven by higher volumes, strong exports, and improved margins, reflecting robust overall financial and operational performance
Gold, silver prices today: Check retail rates of 24K, 22K gold, 999 silver on 5 May in Delhi, Mumbai and Kolkata
Gold and silver prices today show marginal gains in gold and a sharp decline in silver across major cities, amid geopolitical tensions, oil route risks and weak equity sentiment. The focus now shifts to developments in the Middle East and how the US-Iran war unfolds in the days to come.
Centre allows 100% FDI in insurance via auto route
"Foreign investment in this sector shall be subject to compliance with the provisions of the Insurance Act, 1938(4 of 1938), and the condition that companies receiving FDI shall obtain necessary licence or approval from the Insurance Regulatory and Development Authority of India to undertake insurance and related activities," the notification stated.
India notifies 100% foreign investment in insurance sector, LIC limit stays at 20%
The central government has notified 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing foreign investors to fully invest in the sector without prior approvals, according to a report by ET Now citing agencies.