In a strong opening to its public market debut, Flysbs Aviation’s SME IPO garnered significant investor interest, with 50% of the issue subscribed by midday on Day 1, reflecting a robust appetite from retail participants. Meanwhile, the grey market premium (GMP) surged to ₹195, indicating a potential 87% listing gain over the IPO’s upper price…
Swiggy, one of India’s largest food delivery and quick commerce platforms, released its financial results for the first quarter of FY26, and the figures paint a picture of aggressive growth met with equally sharp financial challenges. The company recorded a robust 54% year-on-year jump in operating revenue, rising to ₹4,961 crore in Q1 FY26 from…
Digital payments major MobiKwik has reported a significant financial setback in the first quarter of FY26, with a 20% decline in revenue year-on-year and a more than six-fold spike in net losses. The Gurugram-based fintech firm disclosed that its total revenue fell to ₹271.4 crore in Q1FY26, compared to ₹345.8 crore in the same quarter…
Reliance Industries Ltd (RIL), India’s largest conglomerate, is reportedly in advanced-stage negotiations to lead a $50 million funding round in Digantara, a Bengaluru-based spacetech startup known for its innovative space situational awareness (SSA) technology. The proposed investment underscores Reliance’s expanding ambitions beyond traditional energy and telecom into the fast-growing new space economy, positioning itself as…
Zen Technologies Ltd, a Hyderabad-based defense technology firm specializing in combat training solutions and simulators, has seen its stock tumble nearly 20% over the last five trading sessions. The sharp correction has caught the attention of both retail and institutional investors, prompting concern about the future trajectory of the stock that had been on a…
Brigade Hotel Ventures Ltd, a subsidiary of the Bengaluru-based Brigade Group, is all set to open its initial public offering (IPO) on Thursday. The public issue has garnered significant attention in financial circles, not only due to the company’s background in the thriving Indian hospitality sector but also because of its association with the Brigade…
Shares of Varun Beverages Ltd (VBL), one of India’s largest beverage bottlers and a key PepsiCo franchisee, have lost momentum recently, raising concerns among investors. Despite a strong fundamental business model and a history of robust earnings, the stock has faced notable headwinds in recent trading sessions, shedding nearly 12% over the past month and…
In a landmark move set to redefine the digital infrastructure landscape in Asia, tech giant Google is reportedly investing a staggering $6 billion in India to build what could become the largest data centre project in the continent. The investment signals Google’s growing confidence in India’s digital economy, cloud infrastructure potential, and long-term strategic value…
In a significant development that could shape the future of India’s most storied business conglomerate, Tata Trusts has reportedly urged Tata Sons to remain a privately held company while working on a solution to provide an exit route to the Shapoorji Pallonji (SP) Group, its largest minority shareholder. The move comes amid rising speculation over…
In a strategic move that underscores its aggressive focus on the Indian market, Schneider Electric has announced its plan to acquire Singapore-based Temasek Holdings’ 35% stake in its Indian joint venture for a staggering €5.5 billion. The deal, when completed, will give Schneider Electric complete ownership and control over its operations in one of its…
