Amazon-backed grocery chain More Retail is preparing for a major IPO in India, targeting a roughly $300 million (≈ ₹2,000 crore) raise, according to people familiar with the matter.
Amazon-backed grocery chain More Retail is preparing for a major IPO in India, targeting a roughly $300 million (≈ ₹2,000 crore) raise, according to people familiar with the matter.
India is set to invest US$ 10 billion (around ₹85,000 crore) to build a fleet of 112 crude-oil tankers domestically by 2040, as part of a bold push under its “Atmanirbhar Bharat” (self-reliant India) strategy.
A recent system failure at Delhi’s Indira Gandhi International Airport has exposed deep-rooted vulnerabilities in India’s air traffic control (ATC) infrastructure — raising questions about why legacy systems were allowed to persist despite urgent calls for modernization.
Biocon Ltd shares surged to new 52-week highs in November 2025, driven by strong technical momentum and positive corporate developments. Market watchers believe the breakout could offer further upside, though some caution against pushing too hard on the long side.
Over the past four years, Paytm investors have endured a wild ride — from regulatory crackdowns and steep losses, to signs of a turnaround and growing profitability. With its recent performance, the big question now: How secure is Paytm’s future?
A high-stakes showdown is brewing in India’s edtech world as Ranjan Pai’s Manipal Group and Ronnie Screwvala’s UpGrad compete for the assets of bankrupt Byju’s parent, Think & Learn.
Sumitomo Mitsui Banking Corporation (SMBC) is reportedly considering raising its shareholding in Yes Bank and establishing a wholly owned subsidiary in India, reinforcing its long-term commitment to the Indian financial services market. Rajeev Kannan, SMBC’s India head, made these remarks in a recent interview.
NIFTY OUTLOOK: 26013.45 FII 422.17 cr DII 1465.86 cr
As discussed yesterday, market behaviour remained on expected lines during the day, as continuation of the uptrend took Nifty’s rally up to 26024.2, very close to our level of 26015, and it closed near the same at 26013.45.
Kotak Securities on Exide
Target Price: Rs. 315
Recommendation: Sell
Q2 results below expectations; channel inventory correction and under-recovery of fixed costs continue to weigh.
Lead-acid battery market share loss remains a concern.
Sobhagya Mercantile: Wins contract from Assam Mineral Development Corporation for mining and geological services under the Vajadoli North Block.
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