Sebi has halved the minimum public offer requirement for mega IPOs, paving the way for Reliance Jio and NSE to list without flooding markets. The move is expected to ease liquidity concerns and support India’s biggest-ever public offerings in 2026.
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.
Seven BSE 150 MidCap stocks scaled fresh 52-week highs as Sensex surged 776 points in a broad-based rally. Lloyds Metals & Energy, Laurus Labs and
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