Market News
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Duty waiver on petrochemical products extended till July 15
Indian manufacturers will continue to benefit from a full customs duty exemption on imported petrochemicals until July 15. This extension aims to stabilize input costs for sectors like plastics, packaging, and textiles, which are still navigating supply chain recovery post-West Asia conflict. The move ensures a steady flow of essential raw materials, bolstering domestic production and market availability as global supply chains gradually normalize.
Magicbricks strengthens leadership with over 8 million monthly unique visitors
Magicbricks has solidified its leadership in the Indian real estate market, surpassing 8 million monthly unique visitors as per comScore data for May 2026. This significant traffic surge positions the platform ahead of rivals like 99acres and NoBroker, underscoring its importance for property discovery and buyer engagement.
CCI Clears Aditya Birla-Led Consortium's Rs 16,660 Crore Buyout Of IPL Team RCB
In November last year, USL said it would conduct a strategic review of its investment in RCSPL, the entity that owns the IPL T20 team Royal Challengers Bengaluru.
SEBI Proposes Uniform Investor Consent Rules, Wider Conflict Checks For AIFs
In its consultation paper, SEBI has proposed a uniform approval threshold of 75% of investors by value for all matters requiring investor consent.
Noida authority auctions land parcels to Godrej Properties, VRC construction
Noida Authority has successfully auctioned two prime land parcels in Sector 151 for residential projects, fetching a total of Rs 666 crore from Godrej Properties and VRC Construction. This development, coupled with the upcoming Noida International Airport and robust infrastructure, is fueling significant growth in the region. Experts predict substantial increases in property values over the next two years, underscoring Noida's burgeoning real estate market.
Aditya Birla Real Estate Ltd Spikes 1.52%
Aditya Birla Real Estate Ltd has added 7.58% over last one month compared to 5.2% gain in BSE Realty index and 2.98% rise in the SENSEX
OYO parent PRISM files updated IPO papers for ₹6,650 crore fresh issue
The proposed issue does not include an Offer for Sale (OFS), meaning none of the existing shareholders—including founder Ritesh Agarwal, SoftBank’s SVF India Holdings, Microsoft, Airbnb, Peak XV, Lightspeed, Khazanah and Greenoaks Capital—will sell shares as part of the IPO.
Parliamentary panel to review NEET-UG re-exam learnings, NTA reforms on July 1
Top officials from the Ministry of Higher Education and the National Testing Agency are set to brief a Parliamentary panel on lessons learned from the NEET-UG re-examination. Former ISRO Chairman K Radhakrishnan will also present recommendations for strengthening the NTA. The committee will review the outcomes of the June 21 re-exam, which followed cancellations due to alleged paper leaks. The CBI is currently investigating the matter.
Corporate giants turn to urban regeneration as redevelopment race intensifies
India's largest corporate houses are increasingly focusing on urban regeneration, shifting real estate focus from land acquisition to redevelopment. Giants like Reliance, Adani and JSW are aggressively bidding for projects involving old housing colonies and slum rehabilitation in Mumbai.
Godrej Consumer expands pet care brand across south India, targets Rs 500 crore biz in three years
Godrej Consumer Products is aggressively expanding its pet food brand, Ninja, aiming for a Rs 500 crore valuation within three years. After a successful pilot in Tamil Nadu, the brand is launching in Andhra Pradesh, Telangana, and Karnataka, with pan-India plans by FY28.
BSE announces change in licensing requirements for market data products from Jan 2027
BSE Ltd has announced a significant transition in its management of international licensing for market data products, effective January 1, 2027. This move sees BSE taking charge from Deutsche Börse AG, which previously handled these operations since their 2013 agreement. Clients outside India, however, will experience no disruption in service, while Indian clients maintain their direct access unchanged.
Technology to be central to Hindustan Zinc's next phase of growth: Chairperson
Hindustan Zinc is pivoting towards becoming a future-ready energy transition company, Chairperson Priya Agarwal Hebbar announced. The firm is significantly investing in technology like AI and automation to boost productivity and safety. Diversifying beyond zinc, the company is exploring critical minerals such as lithium and rare earth elements, essential for the growing electric vehicle market and India's industrial expansion. This strategic shift, dubbed Hindustan Zinc 2.