Business
20166 articles
Mumbai milk price hike: How much prices rose, why, and how other metros compare
Mumbai's tabela milk price will rise by ₹9 to ₹102 a litre from 1 September, with producers citing higher cattle and feed costs. The increase will remain is effect until 28 February 2027 and comes ahead of the festive season.
Hero MotoCorp buys Rs 1,758 crore Ather Energy stake in block deal
Hero MotoCorp acquired 1.18 crore shares of Ather Energy for Rs 1,758 crore. This purchase significantly deepened Hero MotoCorp's existing holding in the electric two-wheeler maker. The Government of Singapore was the seller in this substantial block deal transaction. Hero MotoCorp's stake in Ather Energy now stands at approximately 32.8 percent. This move strengthens Hero MotoCorp's position in India's growing electric mobility market.
Tukaram Mundhe-led Maharashtra FDA cancels Cipla unit's drug licence over Reactin Plus irregularities
FDA cancels Cipla unit's drug licence: During an inspection in June, FDA officials found that the packaging of Reactin Plus Tablets, a Schedule H prescription medicine, carried an unauthorised claim describing it as an analgesic and antipyretic.
Jackson Hole: Will Kevin Warsh's inflation warning put Nifty under pressure on Monday?
Nifty faces potential pressure on Monday following US Fed Chairman Kevin Warsh's hawkish inflation comments at Jackson Hole. Elevated US bond yields, a stronger dollar, and rising crude oil prices threaten foreign institutional flows, while technical analysts highlight 24,200 as a key resistance level for the Indian stock market.
Blackstone to sell up to 25% stake worth Rs 11,988 crore in Knowledge Realty Trust
Blackstone plans to sell up to 25.03% of Knowledge Realty Trust units. This offer for sale aims to meet regulatory public unitholding requirements. The sale includes a base offer and an oversubscription option for additional units. The transaction will occur over two trading days on BSE and NSE. Blackstone and related entities currently hold a significant stake in the trust.
Sebi bars Trafiksol ITS, promoters for 1 year for misleading IPO disclosures
Sebi has banned Trafiksol and its promoters from the securities market for one year. Monetary penalties were also imposed on the company and its two promoters. The regulator found misleading financial disclosures and inflated revenue figures in the company's IPO documents. Sebi also noted concealment of material facts and submission of false information regarding Oasis Corpcare. The IPO was unwound after Sebi directed Trafiksol to refund investors and cancel shares.
PayPal shares crash 13% on reports Advent-Stripe consortium walks away from bid
PayPal shares fell 13% after Advent International and Stripe reportedly abandoned plans to acquire the payments giant. The consortium had offered $60.50 per share, valuing PayPal at about $53 billion. Valuation concerns and regulatory hurdles reportedly derailed the deal, adding pressure to the company's ongoing turnaround efforts.
Purple Style raises Rs 306 crore from anchor investors ahead of IPO; Morgan Stanley, BofA among buyers
Purple Style Labs secured Rs 306 crore from anchor investors before its upcoming IPO. The company will open its initial public offering for subscription on Monday, August 31. This luxury fashion platform operates under Pernia's Pop-Up Shop, offering curated designer products. It sources items from 1,109 active designer brands, focusing on wedding and occasion wear. Purple Style Labs utilizes an omni-channel model with 14 global experience centers.
Lenskart Rs 1,857-crore block deal: Goldman Sachs, Morgan Stanley, ICICI Prudential, SBI MF among buyers as Alpha Wave exits
Lenskart Solutions experienced institutional transactions totaling Rs 1,857 crore on August 28. Numerous domestic and global investors purchased shares at Rs 630 apiece from sellers. The company's shares closed at Rs 636.15 on the NSE, down slightly from the previous day. Lenskart's stock has gained 45.06% year-to-date in 2026. The eyewear company debuted on the stock market in November 2025.
US Treasury yields rise after comments from Fed's Kevin Warsh at Jackson Hole
U.S. Treasury yields saw an increase during trading sessions. Federal Reserve Chairman Kevin Warsh indicated further action may be necessary. Policymakers need confidence that inflation is returning to the target.
US Fed chairman Kevin Warsh says inflation is elevated and 'concerning' at Jackson Hole
US Federal Reserve Chairman Kevin Warsh said on Friday that high inflation in the world's largest economy was "concerning," as he opened a key central bankers' meeting in Jackson Hole, Wyoming. Warsh, who has been reticent to share his views on the economy since he took office, said that the central bank's "predominant focus right now should be on prices."
Reliance Jio IPO approved: Is it too late to buy RIL shares to be eligible for shareholder quota?
Jio Platforms has received SEBI approval for its upcoming initial public offering. Reliance Industries shareholders may still qualify for a reserved portion of the offering. The final details regarding share reservation and the record date are pending. This IPO marks a major value creation milestone for Reliance shareholders.
Iran urges nations not to yield to US threats as it keeps door open to diplomacy
Iran urged other countries not to give in to US threats as Washington intensified economic pressure on Tehran. The Iranian foreign minister also said resuming diplomacy remained possible if the US abandoned its reliance on coercion.
US stocks today: US stocks open subdued ahead of Warsh's speech
Wall Street opened mostly flat on Friday as the AI-driven rally lost momentum ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech. The Dow and S&P 500 edged higher, while the Nasdaq slipped. Investors are watching Warsh’s comments for clues on US interest rates and the Fed’s policy outlook.
Quote of the day by Arnold Van Den Berg: "Regardless of yield, when investments are absent of value, cash is always a better option than permanently losing money"
Arnold Van Den Berg’s investing wisdom stresses that yield alone does not make an investment attractive. When value is absent and permanent capital loss risk is high, holding cash may be wiser, allowing investors to protect capital and wait for better opportunities.
Was Sensex’s 2,000-point expiry crash a one-off? Here's what Friday's close hints about CAS
Sensex stayed relatively calm during Friday’s closing auction, a day after a 2,000-point plunge during the monthly expiry raised fresh concerns over CAS. The subdued move suggests Thursday’s sharp swings may have been an expiry-driven anomaly rather than a persistent issue with the new closing-price mechanism, experts said.
Sebi approves 7 IPOs including Jio Platforms, Paras Healthcare and Bharat PET
Sebi has approved seven IPOs, led by Reliance-backed Jio Platforms’ proposed Rs 37,700 crore offering. Paras Healthcare, Bharat PET, Paramotor Digital Technology, Pushp Brand, MK Sons Fine Jewels and Sadbhav Futuretech also received approvals, expanding India’s primary-market pipeline.
India's 10-year bond yield scales over 2-month peak ahead of Warsh speech
The Indian bond market experienced notable losses on Friday, with government bond yields climbing to a two-month peak. As investors anticipate key policy hints from Federal Reserve Chair Kevin Warsh during his Jackson Hole address, the hawkish tone in the latest RBI minutes has intensified expectations for future monetary policy adjustments. This escalation in yields has enhanced the attractiveness of Indian bonds compared to U.S.
