Grasim Industries Ltd., a flagship company of the Aditya Birla Group, continues to attract bullish sentiment from top brokerages even amid leadership changes in its paints division. Citi has raised its price target on Grasim from ₹3,400 to ₹3,450, maintaining a ‘buy’ rating despite the sudden resignation of Rakshit Hargave, CEO of Birla Opus, just…
In a major policy signal that could reshape India’s corporate financing landscape, State Bank of India (SBI) Chairman CS Setty has announced the bank’s willingness to collaborate with foreign banks for acquisition financing, following the Reserve Bank of India’s recent move to allow domestic banks to fund corporate acquisitions. This marks a strategic shift for…
In a development that has reignited public scrutiny over financial fraud accountability, Mumbai’s Special SEBI Court has granted permission to former stockbroker Ketan Parekh to travel abroad, provided he deposits ₹27.06 crore with the Securities and Exchange Board of India (SEBI). Parekh, a key accused in the infamous 2000–2001 securities scam, had previously been barred…
As wealth-tech platform Groww made its public market debut, the moment triggered more than just investor enthusiasm—it ignited a spirited debate among India’s top startup voices on the sustainability of growth models, profitability, and the role of IPOs in the startup ecosystem. The conversation was led by Zerodha CEO Nithin Kamath, Ixigo chairman Aloke Bajpai,…
In a significant financial disclosure, State Bank of India (SBI) Chairman CS Setty confirmed that the bank has earned a pre-tax internal rate of return (IRR) of approximately 14% from its strategic investment in Yes Bank. The announcement comes as SBI completed a partial stake sale in the private sector lender, marking a successful culmination…
In a major policy push to strengthen India’s industrial base, the Union Ministry of Steel has launched the third round of the Production Linked Incentive (PLI) scheme for speciality steel, aiming to attract fresh investments worth ₹44,000 crore. The initiative, titled PLI 1.2, was unveiled by Union Steel Minister H D Kumaraswamy on November 4,…
In a sweeping enforcement move, the Enforcement Directorate (ED) has provisionally attached 132 acres of land at Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, valued at ₹4,462.81 crore, as part of its ongoing investigation into alleged bank frauds involving Anil Ambani’s Reliance Communications Ltd (RCom) and other group entities. The action, executed under the…
India’s leading stock exchange, National Stock Exchange (NSE), has reported a sharp decline in its consolidated financial performance for the second quarter of FY26. According to its latest earnings report released on November 4, 2025, NSE’s consolidated profit after tax (PAT) fell 33% year-on-year to ₹2,098 crore, compared to ₹3,137 crore in the same quarter…
In a landmark financial move, Adani Enterprises Ltd. (AEL), the flagship company of the Adani Group, has approved a ₹25,000 crore rights issue aimed at eligible equity shareholders. The decision was finalized during the board meeting held on November 4, 2025, and marks one of the largest capital-raising initiatives in India’s corporate history. The rights…
In a decisive move to restore investor confidence and strengthen market integrity, SEBI Chairman Tuhin Kanta Pandey has announced stringent action against the Multi Commodity Exchange (MCX) following its recent trading disruption, while also unveiling plans to revamp India’s decades-old brokerage regulations. Speaking at the Morningstar India Conference 2025 in Mumbai, Pandey emphasized that the…
