Capri Global shares slip 3% after NSE, BSE impose Rs 74,000 penalty for compliance lapses
Capri Global shares fell nearly 3% after BSE and NSE imposed fines of Rs 74,000 each plus taxes for delayed compliance with SEBI listing regulations. The company said the penalties have no material financial or operational impact and plans to seek a waiver. The stock remains up 35.43% in 2026.
Devyani International shares rally 4% after revision in Sapphire Foods merger plan
Devyani International witnessed an uptick on Thursday after the company said its merger with Sapphire Foods India remains on track, while a proposed secondary share sale involving Sapphire Foods Mauritius and Arctic International has been called off. The share-swap ratio remains unchanged, but the revised deal alters the expected post-merger promoter holding.
Bombay Burmah Trading shares surge 14% after SC recalls Rs 4,655 crore lease-rent observation
Bombay Burmah Trading shares rose sharply on Thursday after the Supreme Court recalled its earlier observation linking the company to a Rs 4,655 crore lease-rent liability. The court said the amount had neither been notified to BBTCL nor finally determined after giving the company an opportunity to respond, easing concerns over potential financial exposure.
Can Lumino Industries IPO deliver long-term growth for high-risk investors?
Lumino Industries plans a ₹700 crore initial public offering to reduce debt and boost manufacturing capacity. The company expects to benefit from increased demand for wires and cables. However, its debt has risen significantly due to expansion and working capital needs. Raw material price volatility and customer concentration present key operational risks. The issue is […]
Dollar near eight-day high as US data lifts Fed hike bets
The dollar showed a minor uptick following U.S. inflation figures that aligned with forecasts for an impending Federal Reserve rate increase. Investors are now keenly awaiting remarks from central banking officials at the Jackson Hole symposium later today. Additionally, insights from the Bank of Japan could signal potential shifts in monetary policy. Meanwhile, other currencies, […]
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an advanced deadline on August 31 that altered original plans tied to deposit-linked fundraising. With the Reserve Bank of India (RBI) moving the timeline forward, many lenders have revised their bond […]
PNB Housing outshines peers on strong loan growth
PNB Housing Finance shares have seen significant gains this year. The company is focusing on affordable and emerging housing segments. This strategic shift aims to improve its valuation and return ratios. Disbursements and net profit are expected to grow robustly in coming years. Stable asset quality and new financing initiatives support future growth.
Wealth managers turn to hybrid SIFs for higher, tax-efficient returns
Specialised investment funds are changing wealth manager portfolio structures. Hybrid SIF strategies are increasingly included in allocations. These funds offer tax efficiency and differentiated investment approaches. Wealth managers suggest these funds complement core portfolios for investors. SIFs provide flexibility through various investment strategies.
Global Market Today: Nasdaq futures, Asian stocks rise on Nvidia outlook
Contracts for the tech-heavy Nasdaq 100 Index climbed 1.2%, while those for the S&P 500 Index added 0.6% after Nvidia signaled strong sales growth in 2028. The company’s shares rallied 4.2% in extended trading. The upbeat outlook also lifted other AI stocks, including Marvell Technology Inc. and Sandisk Corp., in after-hours trading.
Retail investors turn selective as IPO appetite loses steam in 2026
Retail bidders had fully subscribed to their allotted quota in all 50 IPOs of 2024 – and in 44 out of 49 issues (90%) last year. Even the median of retail bids on IPOs until mid-August has fallen to just 2.32 times the quota in the 42 cases, compared with an astonishing 17.59 times in […]