Business
20361 articles
Buyback alert: GE Shipping to repurchase shares at 16% premium
Great Eastern Shipping shares are likely to remain in focus after the company announced a share buyback worth up to Rs 900 crore. The board approved repurchasing up to 58.82 lakh shares, or 4.12% of paid-up equity capital, through the open market route. The maximum buyback price is Rs 1,530 per share, a 15.99% premium to Thursday’s close.
Bombay Burmah Trading among 4 stocks showing bullish RSI upswing
Four Nifty500 stocks gained over 4% as their RSI crossed above 50, signalling strengthening momentum. Bombay Burmah, Whirlpool of India, NMDC Steel and Wockhardt recorded rising RSI levels, highlighting potential bullish momentum for traders.
ESDS Software Solution IPO opens today; GMP signals 76% premium — Should you subscribe?
The company has set the IPO price band at Rs 408–429 per share for its Rs 720-crore public offering. The subscription window will remain open from August 28 to September 1, 2026. The IPO consists entirely of a fresh issue of 1.68 crore shares.
Priority Jewels IPO opens today: GMP signals 19% listing gain. Should you subscribe?
Priority Jewels has launched its IPO today, August 28, 2026, with subscriptions open for three days. The shares are currently seeing a brisk 19% premium in the grey market, with anchor investors already committing Rs 27.45 crore. The funds raised will mainly help in repaying debt and supporting general corporate needs. The company is known for its exquisite diamond-studded gold and platinum jewelry designs.
Why WhiteOak CIO Ramesh Mantri prefers REITs, InvITs over high dividend yield stocks
While yield will be the primary driver of returns for this Fund, capital appreciation is also expected to play a significant role. REITs and InvITs are required to distribute at least 90% of their net distributable cash flows to unitholders, so a large slice of the portfolio's return is contractual, rent- or toll-linked income rather than sentiment-driven.
New York, Huntsville, Palm Desert: Which Red Lobster locations are closing in 2026? See complete list
In June, Red Lobster shuttered its Times Square restaurant after 23 years, leaving Manhattan without a single Red Lobster location. Here's the full list of Red Lobster locations getting shut down in 2026.
White House construction may have contributed to Trump's Marine One getting close to commercial jet - What we know
NTSB reported that ongoing White House construction contributed to radio communication issues, leading to a near-collision. Problems arose due to inadequate line-of-sight and relocation of Marine One during construction, prompting FAA action to improve communications.
Trump admin likely to sign a deal with Venezuela to access its oilfields: How will it work? What are the legal hurdles?
US President Donald Trump's administration is reportedly negotiating a deal for long-term US access to Venezuelan oilfields, potentially lowering oil import costs and boosting output. The proposal could involve long-term leases and US companies developing the fields.
Tempsens Instruments shares to list today; GMP signals 110% listing gain
The Rs 650-crore public issue was priced at Rs 300 per share and comprised a fresh issue of Rs 95 crore and an offer for sale (OFS) worth Rs 555 crore. Ahead of the IPO, the company also raised Rs 194.54 crore from anchor investors.
Oil Price Today (August 28): Crude oil falls over 5% this week despite Trump rejecting terms of Iran deal. What are experts saying?
Brent crude futures fell 50 cents, or 0.6%, to $89 a barrel, while West Texas Intermediate crude futures declined 42 cents, or 0.50%, to $83. Brent was on track to lose 5.3% for the week, while WTI was set to fall 4.3%.
Sebi proposes easing merchant banker rule for select debt issuers
Sebi has put forward a proposal to exempt certain listed companies from the requirement to appoint merchant bankers. This initiative is designed to lower the costs related to issuing small-value debt private placements. To qualify, issuers must meet particular standards, including being regulated and listed for over a year, possessing a robust credit rating, and having no recent defaults. This aims to promote more frequent small-value debt offerings.
IndiaFirst plans to raise Rs 250 cr in subordinated debt
IndiaFirst Life Insurance plans to raise ₹150-250 crore through subordinated debt. BNP Paribas Cardif will acquire Warburg Pincus' stake in the insurer. The company's initial public offering plans have been deferred, not abandoned. Its agency channel is expected to contribute a larger share to business. IndiaFirst Life is also seeking new bancassurance partnerships.
CIA Chief John Ratcliffe gave bleak assessment of Russia-Ukraine war, urged Moscow to strike a deal with Kyiv: Reports
CIA Director John Ratcliffe met Russian intelligence heads in Moscow, assessing the Russia-Ukraine conflict and warning against attacks on NATO. He encouraged diplomacy to avoid escalating military and economic situations while the Kremlin dismissed U.S. concerns.
Kennedy Center's demolition will be an ‘eventuality’ if Trump's name isn't added, says Lutnick amid court hearing
US Commerce Secretary Howard Lutnick on Thursday (local time) defended adding President Donald Trump's name to the Kennedy Center, arguing that the center's demolition will be an ‘eventuality’ if Trump's name isn't added.
‘Earthquake-like manner’: How Iran vows to counter US economic warfare? Plan may include nuclear weapon, oil crackdown
US Treasury Secretary Scott Bessent announced 'Economic D-Day' sanctions aimed at crippling Iran's economy amid war with the US. Iranian officials have condemned the move and hinted at possible actions they may take to target the US economy in retaliation.
