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News Desk

Protean eGov Tanks 20 % After Missing Cut for Income‑Tax “PAN 2.0” Contract

Protean eGov Tanks 20 % After Missing Cut for Income‑Tax “PAN 2.0” Contract

/ Indian Market /

Shares of Protean eGov Technologies plunged nearly 20 percent on Monday after the company said it was not shortlisted by the Income Tax Department (ITD) for the prestigious PAN 2.0 project. In an exchange filing, the e‑governance firm revealed that the ITD had informed it of the decision during the latest round of the request‑for‑proposal (RFP) process. […]

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Bharti Airtel Sees Big Stake Sale by Singtel at Rs 1,820 per Share in Block Deal

Bharti Airtel Sees Big Stake Sale by Singtel at Rs 1,820 per Share in Block Deal

/ Indian Market /

On Friday, Bharti Airtel witnessed a large block deal where 1.3% equity of the company changed hands. Around 3.1 crore shares were traded at an average price of Rs 1,820 per share, which was about 2.5% lower than the stock’s closing price on Thursday. The deal involved Singapore-based telecom company Singtel, which reduced its stake

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SEBI Tightens Watch on SME IPO Merchant Bankers for Rule Violations and Unfair Practices

SEBI Tightens Watch on SME IPO Merchant Bankers for Rule Violations and Unfair Practices

/ IPO News /

SEBI is closely watching some merchant bankers involved in SME IPOs after finding signs of rule violations and misuse of funds. The regulator is now taking strong action against those who are not following proper procedures. In recent months, SEBI has already taken action against a few merchant banking firms. The charges include helping companies

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NSE Shareholders Cross 1 Lakh Mark While IPO Approval Still Awaited from SEBI

NSE Shareholders Cross 1 Lakh Mark While IPO Approval Still Awaited from SEBI

/ Indian Market /

The National Stock Exchange (NSE) has crossed a major milestone as its shareholder base has now gone past the one lakh mark. This makes NSE one of the biggest unlisted companies in India in terms of the number of investors. Surprisingly, many listed companies don’t even have such a large investor base. NSE is the

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Borana Weaves IPO to Open on May 20 with Price Band Set at Rs 205–216 Per Share

Borana Weaves IPO to Open on May 20 with Price Band Set at Rs 205–216 Per Share

/ IPO News /

Textile manufacturer Borana Weaves Ltd has fixed the price band for its upcoming initial public offering (IPO) at Rs 205 to Rs 216 per share. The IPO will open for public subscription on May 20 and close on May 22. Anchor bidding will take place a day earlier, on May 19. The IPO is a

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MSCI Index Rebalancing: Coromandel and Nykaa to Join Global Standard Index From May 30

MSCI Index Rebalancing: Coromandel and Nykaa to Join Global Standard Index From May 30

/ Indian Market /

Coromandel International and FSN E-Commerce Ventures (Nykaa) will be added to the MSCI Global Standard Index as part of MSCI’s semi-annual index review. These changes will come into effect after market hours on May 30, 2025. This inclusion is expected to bring strong passive inflows into both companies. Experts estimate that Coromandel may attract $227

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India May Impose Retaliatory Duties on US for Steel and Aluminium Tariffs Under WTO Rules

India May Impose Retaliatory Duties on US for Steel and Aluminium Tariffs Under WTO Rules

/ Indian Market /

India has decided to take strong action against the United States at the World Trade Organization (WTO) by proposing retaliatory duties. This is in response to high tariffs placed by the US on Indian steel and aluminium exports. According to WTO documents, India said that the US safeguard measures have affected Indian exports worth $7.6

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Ather Energy Cuts Q4 Loss to Rs 234 Crore, Revenue Jumps 29% on Strong Rizta Demand

Ather Energy Cuts Q4 Loss to Rs 234 Crore, Revenue Jumps 29% on Strong Rizta Demand

/ Results /

Electric scooter maker Ather Energy reduced its net loss to ₹234.4 crore in the fourth quarter of FY25, helped by strong sales of its new family scooter model ‘Rizta’. In the same quarter last year, the company had posted a loss of ₹283.3 crore. Ather’s revenue from operations went up by 29 percent year-on-year, reaching

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Srigee DLM Lists with 90% Premium on BSE SME After Massive IPO Demand

Srigee DLM Lists with 90% Premium on BSE SME After Massive IPO Demand

/ Indian Market /

Shares of Srigee DLM made a strong debut on the BSE SME platform on May 12, listing at ₹188.10 per share. This is 90 percent higher than the IPO issue price of ₹99, showing strong investor interest. Before listing, the company’s unlisted shares were already trading at a grey market premium of around 45 percent.

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Zee Entertainment Q4 Profit Surges to ₹188 Crore, Announces ₹2.43 Dividend Per Share

Zee Entertainment Q4 Profit Surges to ₹188 Crore, Announces ₹2.43 Dividend Per Share

/ Indian Market /

Zee Entertainment Enterprises Ltd (ZEEL) reported a strong jump in its Q4 profit for the financial year ending March 2025. The company posted a consolidated net profit of ₹188 crore, which is a massive 1,300 percent increase compared to ₹13.4 crore in the same quarter last year. The company’s total income in the March quarter

Zee Entertainment Q4 Profit Surges to ₹188 Crore, Announces ₹2.43 Dividend Per Share Read More »

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