Author: Abizar Attari
News Editor

New Delhi, August 31: Leading Non-Banking Financial Company (NBFC) Piramal Finance Limited has announced a capital raise of ₹3,850 crore through a preferential warrant issue and QIP as it looks to strengthen its balance sheet and capital base for expanding its retail and small business lending operations. The company will be allotting 99,52,606 shares to leading institutional investors who participated in its Qualified Institutions Placement (QIP) between August 24 and 28, 2026. The issue price was at ₹2,110 per equity share of face value ₹2. With this the company’s paid up share capital increases from ₹45.34 crore to ₹47.33 crore.…

Coimbatore, August 29: Leading air compressor manufacturer Elgi Equipments Limited has received an additional tax refund of $1.55 million (about Rs.13 crore) from the US Customs and Border Protection. This comes as a follow up to a $2.68 million refund received in July 2026, taking the total refund from the US authorities to $4.23 million after the company received a favourable US Supreme Court ruling to refund tariffs on imported industrial goods.  For the company, this income would be considered an exceptional income gain, expanding its operating cash flows and reinforcing its balance sheet. With this development, the Coimbatore-based company…

Mumbai, August 29: After a long wait, investors are now looking forward to what is arguably India’s largest IPO, with 27 crore shares worth ₹37,700 crore up for grabs. Market regulator SEBI has approved Jio Platforms IPO, making it one of the most anticipated this year, with the NSE’s IPO expected later this year. Reliance Industries currently owns 66.43% in the company, with the remaining 33.57% being held by Meta Platforms (9.98%), Google International (7.73%), and other investors like KKR, Vista Equity Partners and Saudi Arabia’s Public Investment Fund.  Under the plan, existing investors are not selling their shares, and…

New Delhi, August 29: Real estate developer Max Estates Limited has announced its entry in the lucrative Delhi NCR market by acquiring a 84 acre land parcel in Najafgarh, Delhi via a preferential share swap agreement. This includes allotting 70.33 lakh shares valued at ₹420.23 crore to nine land owning SPVs, with no cash component involved.  The estimated Gross Development Value (GDV) is in the range of ₹10,000-12,000 sq feet, with a development potential of 4 million to 6 million sq ft.  With this, Max Estates enters the high value Delhi residential market, expanding its portfolio beyond Noida and Gurugram.…

Mumbai, August 28: Thermal engineering and sensor manufacturer Tempsens Instruments (India) Limited, has made a blockbuster debut on the Indian stock exchanges, with its shares listing at an impressive 111.33% premium over its issue price of ₹300/share.  The IPO, which ran between August 20 and 24, saw heavy demand from investors, with the issue being oversubscribed 184.07 times overall. This includes a 302.88 times oversubscription from Qualified Institutional Buyers (QIBs), while the Non-Institutional Investors (NIIs) was subscribed 314.44 times. The retail investor portion was oversubscribed 59.72 times. Tempsens Instruments holds a commanding 21.3% market share in the non contact temperature…

New Delhi, August 28: India’s tablet market has grown 15% year on year in the first half of 2026, with the market preferring premium, higher spec tablets to complement productivity, education and content creation, a report by CyberMedia Research (CMR) said. Premium tablets now command 89% of the total market volume, even as manufacturers have raised prices due to supply chain constraints. Higher memory tablets above ₹20,000 are being increasingly favoured, with shipments of 6GB RAM tablets growing by 73% YoY while 12GB variants surging by 422% YoY. Large screen tablets (above 10 inches) dominates the segment, accounting for almost…

Gongju, South Korea, August 28: Specialty chemical manufacturer Acutaas Chemicals Limited has commissioned a new semiconductor-grade materials plant in Gongju, South Korea through its step-down subsidiary Indichem. Built with an estimated investment of ₹200 crore, the facility has been built within a short period of 11 months, allowing Acutaas Chemicals to get closer to its clients in the semiconductor sector.  The semiconductor materials plant will supply semiconductor grade chemicals from raw materials refined, tested and qualified to semiconductor grade levels for final use in local microchip and display fabrication facilities.  Using raw materials synthesized in India, the plant allows Acutaas…

New Delhi, August 27: FMCG major Dabur India Limited has clarified that its manufacturing operations and primary distribution infrastructure in Nepal remain fully functional following recent flash floods along the Tibet–Nepal border. This comes after severe flooding triggered by a glacial breakdown near the Gyirong Port crossing point. While regional infrastructure has been affected in border districts, Dabur has reported negligible impact across its operational network.  The company’s manufacturing facilities at Kathmandu and Birganj are running smoothly, the company said. While the floods have caused extensive damage to local roads and bridges near the Tibet border, Dabur’s key logistics channels…

Bengaluru, August 27: Mid-cap IT service firm Happiest Minds Technologies Limited’s shares fell 6% today after market reports speculated that ITC Infotech is exploring a potential acquisition of Founder-CEO Ashok Soota’s 44% stake in the company. Given that Mr Ashok Soota holds a controlling stake in the company, any such deal would trigger a direct change in management control.  This would mean an open offer for an additional 26% stake from public shareholders, according to SEBI’s takeover regulations.  For ITC Infotech, this would significantly boost its expertise and presence in cloud, digital engineering, generative AI and data analytics across the…

Mumbai, August 27: Former Zee Media baron and Essel Group Founder Subhash Chandra is a lucky man. The National Company Law Tribunal (NCLT) has approved the repayment plan where he has to pay just ₹6.5 crore against claims of ₹22,006.57 crores, with 80.81% of the voting creditors backing it.  In a 144 page long order, the NCLT said that Chandra’s personal real estate was significantly less than the amount offered under the plan, and that the opposing creditors were unlikely to recover more by rejecting it, as Mr Chandra would face bankruptcy rather than pay back from a position of…