Mumbai: Investors are looking forward to the latest big-ticket IPO, with the National Stock Exchange of India (NSE) having officially filed its Draft Red Herring Prospectus (DRHP) with SEBI. This long-awaited public offering is now closer to reality after years of delays caused by structural regulatory hurdles. According to the draft papers filed on June 18, the blockbuster issue is an 100% Offer For Sale (OFS) with 14.8 crore equity shares (about 6% of the exchange’s paid up capital) on the block. The pricing of the IPO hasn’t been disclosed in the DHRP, but it remains one of the highly…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Mumbai: Mid-cap pharma major Ajanta Pharma Limited has delivered consistent growth for the full financial year 2026, with its net profits rising 10% to ₹1,056 crore from ₹ 920 crore last year. The company has also seen its revenues surpass the ₹5,000 crore mark with its revenue increasing 13% from last year. The branded generics major has seen consistent performance across the board, with its US generics vertical witnessing a 49% growth in sales while its Africa business also seeing a 9% sales growth. The management has decided to reward its investors by declaring a final dividend of ₹28 per…
Mumbai: Most dads remain rather unfamiliar with technology, and we can see that in the way they capture everyday moments. Instead of waiting to capture for the right moment, they are responsible for blurry, tilted, cropped at odd angles or interrupted photos with fingers over the lens. Though we may try to correct them, these photos do remind us of our dads and their idiosyncrasies. This Father’s day, bakery brand Sweet Truth celebrates this with a campaign that showcases our dad’s and their unique way of capturing life’s most precious moments. Through their ‘Shot on PaPhone’ campaign, it shines a…
New Delhi: Varun Beverages Limited (VBL), long known for its status as Pepsico’s largest bottler outside the US, is now actively looking to break out of that mould. The company has partnered with Japan’s Asahi Group Holdings to launch Calpis, an iconic dairy-based beverage brand, to Indian customers. This would be the first time Varun Beverages moves beyond the Pepsico fold, as it aims to use its unparalleled retail distribution might to launch a non-Pepsico beverage across the country. “We are honored to partner with Asahi Group, one of the world’s leading beverage companies, renowned for its iconic brands and…
Visakhapatnam: Steel Exchange of India Limited (SEIL) has now taken another step towards addressing its debt, with the payment of its ₹15 crore term loan, the company said in a press release. With this, the prominent South India-based steel manufacturer has officially achieved 25% of its long term debt reduction target, closer to its ultimate goal of becoming completely debt free. SEIL, the company behind the ‘Simhadri TMT’ rebars, has had to face severe financial stress due to reasons beyond its control. SEIL had undertaken massive capital expenditures to upgrade its facility in Vizianagaram into a full fledged integrated stell…
There are fears that the Indian Rupee could reach Rs.100 for a dollar soon. Even as experts dispel fears, those who were planning to go abroad or import something from overseas, now have to shell out more than they had expected. Though there are many reasons behind the Rupee’s recent depreciation, there are two sides to the coin. This devaluation helps our exports earn more, even though we may face inflationary pressures sooner or later. Though this remains a cause of concern, there have been other countries that have faced far greater challenges than we have. Here are six currencies…
Noida: Indian IT giant HCLTech has secured a high-profile automotive engineering partnership with Germany based e.solutions, the company said in a press release. A part of the Volkswagen group, e.solutions offers next-generation software-defined infotainment and connectivity solutions to its clients. With car values now being defined by its digital features and AI capabilities rather than its mechanical horsepower, such systems offer automakers an edge in the market. For HCLTech, this partnership shows that it remains capable of executing high-end, high-complexity engineering research and development (ER&D) deals despite challenges with automation and AI. As part of the engagement, HCLTech will help…
Ahmedabad: Gautam Adani’s Adani Defence and Aerospace, along with Brazilian aerospace giant Embraer, has selected the Dholera Special Investment Region (SIR) to set up India’s first ever private sector Final Assembly Line (FAL) for commercial civilian jets. The companies, who have signed a Memorandum of Understanding (MoU) in that regard, have chosen Dholera over another location in Bhogapuram, Andhra Pradesh as they aim to commission the facility by 2028. “Regional aviation is the backbone of economic expansion. With initiatives like UDAN transforming air connectivity across Tier 2 and Tier 3 cities, the need for an indigenous regional aviation ecosystem has…
New Delhi: India’s only listed gaming company, Nazara Technologies Limited, is actively looking to raise money as it looks to diversify its offerings following the unexpected Real Money Gaming (RMG) ban by the Government in August 2025. The company is proposing to extend fund infusions to its UK subsidiary, Nazara Technologies UK Limited, to the tune of $100 million by August 14, 2026, as per a regulatory filing. This comes after the company has been actively raising money and splurging on acquisitions as it looks to address the setback caused by the gaming ban. For Nazara Technologies, this urgent need…
Mumbai: Leading non-banking financial company (NBFC) Piramal Finance has delivered a strong turnaround for the quarter ended March 31, 2026 with the lender’s consolidated net profit rising by a staggering 390% from ₹102 crore in Q4FY26 to ₹502 crore this time. Along with this, the company has reported a 25% year on year (YoY) growth in consolidated Assets Under Management (AUM) to ₹1,01,230 crore as the company has successfully turned itself around through targeted retail growth that remains the strongest and fastest in the industry. Piramal Finance has also worked to clean up its toxic loans to builders, which once…
