Sebi approves 3 IPOs of Cosmic PV, Monomark, RKB Global along with NSE
SEBI has approved IPOs for Cosmic PV Power, Monomark Engineering, and RKB Global, alongside the National Stock Exchange’s major public offer. These approvals highlight a significant revival in India’s IPO market during the second half of 2026.
US diesel prices hit a record high, pushing up transportation costs for a long list of goods
Diesel prices soared to unprecedented levels in the United States on Friday, primarily due to the six-month conflict involving Iran. This rise in costs is causing transportation fees for everyday goods and services to climb, with businesses now shifting these costs onto consumers via various surcharges. If diesel prices continue on this trajectory, consumers might […]
Gland Pharma block deal: Fosun Pharma divests 99 lakh shares worth Rs 2,800 crore
Fosun Pharma sold a 6% stake in Gland Pharma for ₹2,800 crore via a block deal, reducing its holding to 45.77%. Major buyers included Kotak, Axis, and ICICI Prudential Mutual Funds, while Gland Pharma shares closed higher at ₹2,932.40.
Strong jobs report fuels Fed rate hike prospects as Trump escalates rate cut pressure
A stronger US jobs report has raised expectations of a September Fed rate hike, while Donald Trump has stepped up pressure on the central bank to cut interest rates. Markets now await US inflation data, which could determine the Fed’s next policy move.
Which stocks should you buy ahead of the festive season? Here are Kotak Securities’ top 10 picks
India’s festive season is expected to drive a strong consumption boost, with analysts identifying sectors and stocks that could benefit. The period from Ganesh Chaturthi through Navratri, Dussehra, Dhanteras, Diwali and the wedding season typically brings higher footfalls, orders, ticket sizes and margins.
Bumper FCNR(B) inflows may dilute banks’ margins but boost earnings by up to Rs 11,000 crore: Jefferies
The FCNR(B) scheme’s $127 billion inflows should boost banking sector earnings by Rs 10,000–11,000 crore annually, despite potential near-term margin pressure. Analysts highlight significant benefits for small private banks and NBFCs, while providing the RBI with increased foreign exchange reserves.
JM Financial initiates coverage on OnEMI Technology with Buy call, sees 28% upside
JM Financial has initiated coverage on OnEMI Technology Solutions with a Buy rating and a target price of Rs 385, implying around 28% upside from its reference price of Rs 301. The brokerage values the stock at 2x estimated FY28 book value, citing its digital lending platform Kissht and mass-market borrower focus.
Will BDL, HAL & other defence stocks deliver rocketing returns? Here’s why this brokerage remains bullish
India’s defence sector is gaining momentum on the back of rising defence spending, localisation, strong order pipelines and growing exports. Bajaj Broking remains bullish on Bharat Dynamics and Hindustan Aeronautics, citing improving execution, robust order books and long-term military modernisation as key growth drivers.
Ceigall India shares gain 4% after securing LoI for Rs 5,300 crore power transmission project
Ceigall India shares rose nearly 4% after the company received a Letter of Intent from REC Power Development and Consultancy for a Rs 5,300 crore power transmission project in Gujarat. The project includes a 765/400 kV AIS substation and around 300 km of transmission lines, with 36 months of execution followed by a 35-year operational […]
Sterlite Tech shares hit 5% upper circuit as firm targets Rs 20,000 crore revenue by FY29 amid booming AI demand
Sterlite Technologies shares hit a 5% upper circuit after unveiling ambitious FY29 growth targets, including Rs 20,000 crore revenue and global top-five positioning. The company approved Rs 3,000 crore capex to expand capacity by 50%, supported by strong optical connectivity demand, AI infrastructure growth and a record order book.