Shellz India is listed among the SME IPOs expected to open during the week beginning October 12. Market trackers have reported an indicative price band of Rs.170–179 per share and an expected opening date of October 15, 2026.
Shellz India is listed among the SME IPOs expected to open during the week beginning October 12. Market trackers have reported an indicative price band of Rs.170–179 per share and an expected opening date of October 15, 2026.
Transformers and Rectifiers (India) Ltd. reported a sharp improvement in its September-quarter performance for FY27.
Indian equity markets opened on a cautious note on Wednesday after a strong rally in the previous session. At around 9:27 a.m. IST, the Sensex was trading at 73,002.54, down 31.24 points, while the Nifty 50 stood at 22,698.80, lower by 23.15 points.
Bharat Electronics Ltd. (BEL), the defence electronics public-sector company, announced additional orders worth Rs.533 crore on Tuesday. The orders were received since its previous disclosure on September 17, 2026, and cover a range of defence and technology-related requirements.
The Russia–Ukraine conflict continued to affect energy infrastructure on Tuesday night, with a Russian ballistic missile striking a power plant in Kyiv, according to reports published on Wednesday.
Tata Elxsi Ltd., an engineering research and development company, reported a 10% year-on-year increase in profit for the September quarter of FY27. Growth in its transportation and media businesses supported the improvement, according to the company’s reported results.
Ravita Engineering Services Ltd. opened its SME initial public offering on October 14, 2026. The issue is scheduled to remain open until October 16, with a price band of Rs.105–112 per share. The company is seeking to raise approximately Rs.116.05 crore through a fresh issue of 1.04 crore shares.
Oil prices climbed on Wednesday as renewed tensions in the Middle East raised concerns about the security of energy shipments. Brent crude moved above $106 a barrel, while US West Texas Intermediate approached $95, with traders assessing the risk of further attacks on tankers and disruption to Persian Gulf supply routes.
Soleos Energy Ltd. filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India on October 13, beginning the formal process for a proposed IPO. The draft outlines a fresh issue of up to 1.10 crore shares and an offer for sale of up to 90 lakh shares.
Morgan Stanley view on Indian IT: Accenture results beat estimates, with FY27 growth outlook ahead of expectations. Improving short-cycle deals and stabilising Middle East spending signal better demand and could lift sentiment across Indian IT.
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