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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.
Javelin anti-tank system: What are its features? Key details of India’s plans to sign $45.7 million deal with the US
India plans to acquire the US-made Javelin anti-tank missile system for $45.7 million, enhancing defense ties with the US. The deal may lead to joint manufacturing, reflecting ‘record-level’ engagement between the two nations, according to US Ambassador Sergio Gor.
Laurus Labs among 5 stocks hitting 52-week highs; surge up to 20% in a month
Six BSE 200 stocks hit fresh 52-week highs on Friday as the Sensex gained 331 points. Coforge, GSK Pharma, Glenmark Pharma, Laurus Labs, Oracle Financial Services Software and Piramal Finance showed strong momentum, with several posting double-digit monthly gains.
Nepal flash floods: Death toll hits 538, 977 people still missing including 320 Indians confirms govt
Nepal flash floods: The death toll from Nepal's devastating flash flood in the Bhotekoshi River area has risen to 538, out of which the largest number has been recorded in the Chitwan. At least 400 Indian nationals were stranded in Nepal.
Jio IPO soon! RIL's telecom arm gets Sebi nod for Rs 37,700 crore offering
Jio Platforms has received Sebi approval for its proposed Rs 37,700 crore IPO, bringing Reliance Industries’ much-awaited listing closer. The issue could value Jio at nearly Rs 9.5 trillion and become India’s largest IPO. The company plans to use Rs 27,500 crore of proceeds to repay borrowings of Reliance Jio Infocomm.
Global Markets: BYD posts first quarterly profit rise in over a year
Chinese automaker BYD has experienced its first profit growth in over a year, primarily fueled by a sharp increase in export sales. This international expansion effectively balanced out the lackluster results seen domestically. In the second quarter, BYD reported a remarkable year-on-year net profit increase of 29.8 percent, although revenue faced a slight decline of 3.2 percent during the same timeframe.
Market wrap: TCS, Tech Mahindra, ICICI Bank, ITC top gainers and losers on Nifty and Sensex on Friday
Indian equities rebounded on Friday, ending a two-session losing streak as heavyweight IT stocks led gains. Nifty rose 0.35% to 24,175.65, while Sensex gained 0.43% to 77,264.51. Analysts expect consolidation amid mixed global cues and geopolitical uncertainty.
Rupee gains this week as dollar supply surges ahead of deposit window's close
The Indian rupee managed to finish higher on Friday, achieving a weekly upswing bolstered by a jump in dollar liquidity as a special deposit facility approaches its end. Early drops were countered by inflows that led to position unwind. Although month-end importer needs put pressure on the rupee, advantageous flows due to MSCI rebalancing offered relief.
Where to invest as market headwinds ease: Motilal Oswal backs mid and smallcaps, favours gold over silver
Motilal Oswal says several headwinds facing Indian equities are easing, supported by stronger earnings, positive FII flows and domestic demand. It remains Neutral on equities but Overweight on mid- and small-caps, while preferring gold over silver and accrual-focused fixed-income strategies.
SBI General Insurance Q1 GDPI rises to Rs 3,506 crore; comprehensive income jumps 17%
SBI General Insurance reported 10.9% year-on-year GDPI growth to Rs 3,506 crore in Q1 FY27. Comprehensive income rose 17.4% to Rs 573 crore, while health, engineering and personal accident segments delivered strong growth, alongside a 2.0-times solvency ratio.
CAS chaos: How did Sensex crash 2,000 points in 6 minutes while Nifty stayed stable on monthly expiry?
Sensex plunged over 2,000 points during Thursday’s closing auction session before recovering some losses, while Nifty remained comparatively stable. Market experts attributed the sharp divergence largely to thin trading volumes on BSE. The episode has renewed scrutiny of the new CAS mechanism, particularly around monthly expiry and its impact on price discovery.
Global Market: German bond yields rise as investors weigh inflation risks and ECB rate path
German bond yields moved higher as investors weighed persistent inflation risks and expectations for the European Central Bank’s interest-rate path. Short-dated yields remained under pressure, while longer-dated yields also edged up. Investors also watched French and Italian bond spreads and awaited Federal Reserve Chair Kevin Warsh’s Jackson Hole speech for clues on global monetary policy.
Retail investors bet big on these 12 smallcap stocks that rallied up to 150%; 3 turned multibaggers
Retail investors increased holdings in 124 smallcap stocks for the fourth straight quarter. Despite subdued sector performance, nine stocks delivered 50%-150% gains alongside steadily rising retail ownership.
India can reach a $5.1 trillion economy by FY29 as growth strengthens: Omniscience Capital
India's economy could reach $5.1 trillion by FY29, according to OmniScience Capital. Stronger real growth and healthier balance sheets support this expansion. The pandemic and rupee depreciation had previously delayed this $5 trillion ambition. Real GDP growth averaged 7.4% between FY22 and FY26. An optimistic scenario projects India's GDP reaching $5.9 trillion by FY29.
Global Market: Shein’s Hong Kong debut marks a major shift towards its Chinese roots
Shein is set to debut in Hong Kong, marking a shift toward embracing its Chinese roots after failed US and UK listing efforts. Regulatory approval, strong manufacturing and supply-chain ties, and domestic economic contributions helped secure the listing. The IPO highlights growing geopolitical pressures and Shein’s sharply reduced valuation.
Row explained | Why Bangladesh is bullish on China's J-10 fighters, not Dassault Rafale
Rafael vs J10: Bangladesh is moving ahead with plans to buy China’s J-10CE fighters, citing lower costs, modern capabilities and reported combat performance. India, however, does not confirm losing Rafales to J-10s, making the claim a key point of debate.
