Ajay Shah, EY’s partner and head of Technology, Media, and Telecom (TMT) investment banking, has stepped down and is set to join a financial services platform promoted by veteran stock market investor Madhu Kela, according to multiple industry sources. “The move has been in the works for several months. Shah is expected to take on…
Adani Airports Holdings Limited (AAHL) has successfully closed a $1 billion funding round with participation from global investors, including funds managed by Apollo and BlackRock, as well as Standard Chartered. The proceeds from this investment are designated for the comprehensive development of Mumbai International Airport, encompassing modernization initiatives, capacity expansion projects, and the adoption of…
JioBlackRock Mutual Fund has submitted draft documents to SEBI for the launch of its first two debt-oriented offerings: the JioBlackRock Liquid Fund and the JioBlackRock Money Market Fund. This move follows SEBI’s recent approval of the fund house’s operations, the unveiling of its leadership team, and the launch of its official website. JioBlackRock Liquid Fund…
Sacheerome IPO Allotment Status & GMP: How to Check Online as Listing NearsSacherom IPO, which closed for subscription on June 11, 2025, is up for allotment soon. Investors are eagerly waiting for the listing on the NSE SME platform, which is scheduled on Monday, June 16, 2025. Sacheerome IPO Details:Registrar: MUFG Intime India Private Limited…
Despite a brief return to buying on Friday, Foreign Institutional Investors (FIIs) continue to be net sellers in Indian equities in 2025, with cumulative outflows reaching ₹1.24 lakh crore so far this year. FIIs & DIIs Activity on June 6According to NSE data, FIIs registered net purchases of ₹1,009 crore on Friday, June 6, buying…
Bajaj Finance has announced that Monday, June 16, 2025, will be the record date for determining shareholder eligibility for its upcoming 1:2 stock split and 4:1 bonus share issue. This news, disclosed through a stock exchange filing, led to a 5% rise in the company’s share price, which closed at ₹ 9,372 on Friday, June…
With rising tensions between India and Pakistan and the government pushing for more local defense manufacturing, Indian defense stocks have caught investors’ attention. Companies like Bharat Dynamics (BDL), BEML, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, Garden Reach Shipbuilders & Engineers, and Cochin Shipyards have seen strong interest lately. Among these, BEL, BDL,…
Tensions along the India-Pakistan border have escalated after India’s precision missile strike, codenamed Operation Sindoor, destroyed nine terror camps in Pakistan and Pakistan-occupied Kashmir (PoK) on the night of May 6-7, 2025. The operation, carried out between 1:05 am and 1:30 am, was a retaliatory strike for the Pahalgam terror attack that claimed 26 lives….
Bharat Forge reported a stellar fourth-quarter performance for FY25, with net profit growing 24.44% year-on-year to ₹282.62 crore, while revenue declined 7.48% to ₹3,852.60 crore. Profit before tax grew 23.99% to ₹429.4 crore, and EBITDA grew 2.71% to ₹671.1 crore. Total expenses declined 9.38% to ₹3,483.04 crore compared to last year. The company’s core forgings…
Elon Musk’s Starlink has taken a big step forward in India by getting a Letter of Intent (LoI) from the Department of Telecommunications (DoT) to start offering satellite internet in the country. Government sources say Starlink agreed to meet strict licensing rules and updated national security requirements. This clears the way for licenses to operate…
