Business
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ITC Infotech to merge with Happiest Minds, buy 22% promoter stake for Rs 1,330 crore
ITC Infotech will merge with Happiest Minds Technologies creating a significant IT services entity. This merger aims to establish an AI-first enterprise with a substantial turnover by FY28. ITC Infotech is acquiring a significant stake from Happiest Minds promoters as a precursor. The combined entity will become India's eleventh largest listed IT services player by revenue. Upon completion, the merged company is proposed to be listed on Indian stock exchanges.
Sebi bars Tarapur Transformers, promoters from markets for 5 years in fund diversion case
Sebi barred nine entities, including Tarapur Transformers and its promoters, from securities markets for up to five years. The regulator found fund diversion through interest-free loans and fictitious transactions in company books. Rajendra Kumar Choudhary, a promoter, received a five-year ban and a Rs 30 lakh fine. Other entities faced three-year market bans for their involvement in these fraudulent activities.
Blackstone’s Knowledge Realty Trust OFS subscribed 1.4 times on Day 1
Blackstone's offer for Knowledge Realty Trust units saw strong demand from non-retail investors. The offer for sale is valued at Rs 11,988 crore, the largest in India's private sector. Knowledge Realty Trust, backed by Blackstone and Sattva Group, debuted in August 2025. The REIT focuses on commercial real estate with 29 assets across six cities. India's REIT market has expanded rapidly, attracting significant investor interest.
Tribunal twist: NCLT to hear Chandra plan again, this time with a bigger bench
The NCLT said there was no majority view on Chandra’s repayment plan. One member had favoured applying the repayment plan only to creditors who supported it, while another member held that the plan should apply to all creditors, including those who opposed it
J&K FDA prohibits sale, storage and distribution of 10 ghee batches: Why were they banned and what it means
An order issues by the Jammu and Kashmir FDA prohibited the sale, storage, distribution and display of 10 identified brands/batches of ghee across the Union Territory after laboratory analysis found the products to be sub-standard, unsafe and misbranded, the reports said.
GRT Jewellers to buy controlling stake in TBZ for up to Rs 1,034 crore
GRT Jewellers will acquire a 74.12% controlling stake in TBZ for up to Rs 1,033.71 crore, expanding its store network and national footprint. The deal combines two longstanding jewellery brands, subject to regulatory approvals and a mandatory open offer.
NCDEX launches Chennai rainfall futures to hedge monsoon risks
NCDEX launched RAINCHNNAI, a rainfall-based weather futures contract, enabling participants to hedge Northeast Monsoon risks. Covering September-December, the cash-settled contract uses IMD rainfall data and complements RAINMUMBAI, expanding exchange-traded tools for managing weather-linked financial exposure.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian markets fell as rising US bond yields, hawkish Fed signals, renewed US-Iran tensions and crude above $90 pressured sentiment, while broader indices declined and technical indicators pointed to continued near-term volatility.
Blackstone-backed Epsilon Bidco may sell 26% stake in EPL in Rs 1,985-crore block deal
Blackstone-backed Epsilon Bidco plans to sell its 26.4% stake in packaging firm EPL Ltd through a block deal valued at approximately Rs 1,985 crore. The shares are offered at Rs 235 each, marking a discount to the current market price.
Iran economic crisis deepens: Food prices soar, Rial at record low as US launches new sanctions
With inflation surging, the rial weakening and sanctions adding further pressure, Iran’s leadership faces a difficult choice between continuing confrontation and pursuing diplomacy to ease economic pressure.
Ahead of IPO, Deepa Jewellers raises Rs 138 cr from anchor investors
Deepa Jewellers Ltd successfully raised Rs 138 crore from anchor investors this past Monday. Their initial public offering opens for subscription on September 1 and includes both fresh share issuance and an offer-for-sale. The proceeds are intended for enhancing working capital and supporting various corporate objectives. The shares are set to be listed on the BSE and NSE beginning September 8.
NSE records Rs 39,718 cr turnover in closing auction session on first index rebalancing day
The National Stock Exchange saw substantial turnover in its Closing Auction Session. This session accounted for twenty-two percent of total cash market turnover on Monday. More than ninety-eight thousand investors participated in this significant trading period. The session coincided with the MSCI August 2026 Index Review implementation. This marks a successful first month for the closing auction mechanism.
Adani group stocks face heavy selling pressure; Adani Enterprises tumbles nearly 8%
On Monday, shares of the Adani group experienced notable downward pressure, with Adani Enterprises declining by nearly eight percent amid overall market instability. The recent alterations in MSCI Global Standard Indexes were implemented at the end of August, affecting several Adani firms through index rebalancing and fund reallocations. This situation added to the volatility observed throughout the trading day.
₹1.33 crore interest with full refund: Dubai buyer wins property dispute with Mumbai builder
MahaRERA's ruling protects buyers by limiting builders' deductions upon cancellation and mandating refunds within 45 days. MahaREAT ordered a builder to refund a Dubai-based buyer for two cancelled flats.
UAE scam alert: Dubai consulate warns Indians against fake agents promising visas, jobs, Emirates IDs
The advisory comes amid concerns over identity and financial fraud, with the mission stressing that biometric information such as fingerprints and facial scans can be particularly sensitive and should only be submitted through authorised government channels.
Foreign buying in Indian stocks hits 23-month high in August, RBI data shows
In August, foreign investors channeled an impressive $3.1 billion into Indian equities, marking the largest monthly inflow in nearly two years. This surge in investment was bolstered by robust domestic earnings and proactive measures from the central bank. However, despite this positive trend, annual outflows are still trending towards a record high, with broader markets seeing an upswing even as major stocks faced declines.
Want NSE shares before the IPO? Here’s how the unlisted market works
The National Stock Exchange’s anticipated IPO nears, prompting investors to consider buying unlisted shares now or waiting for the public offering. Unlisted trading involves private negotiations and off-market transfers through specialized platforms before the exchange-based listing occurs.
