Shares of Indraprastha Gas Ltd (IGL) jumped about 5.4 per cent on Wednesday, climbing to around Rs. 193 per share, after global brokerage Nomura upgraded its rating on the city gas distributor from Neutral to Buy.

Shares of Shakti Pumps (India) fell sharply, dropping about 4.7% to around Rs. 744 on the BSE as investors began booking profits following an impressive rally of more than 40% in just four trading sessions.

Shares of HDB Financial Services, the non-banking finance arm of HDFC Bank, have slipped about 10 per cent from their highest level since listing, but brokerage Jefferies sees the decline as a buying opportunity and has given the stock a Buy rating with a target price of Rs. 900 per share.

The Securities and Exchange Board of India (SEBI) has accused members of the Adani Group of insider trading in connection with the open offer to acquire additional shares of NDTV, according to a regulatory document reviewed by The Economic Times.

Zerodha’s growing focus on liquid exchange-traded funds (ETFs) is quietly reshaping how Indian investors park short-term surplus money. Traditionally dominated by bank fixed deposits and liquid mutual funds, this segment is witnessing a gradual shift as investors look for low-cost, transparent, and easily tradable alternatives.

IndusInd Bank has initiated action to recover bonuses and possibly other compensation from its former senior leadership, including ex-CEO Sumant Kathpalia, former Deputy Managing Director Arun Khurana, and ex-CFO Gobind Jain.

Maruti Suzuki India has announced plans to localise the production of electric vehicle (EV) components, including batteries, over the next few years as part of its strategy to strengthen the country’s EV ecosystem.

Tata Power has announced an ambitious capital expenditure plan of around ₹1.25 trillion between financial years FY26 and FY30, with a strong emphasis on expanding its clean energy footprint. The company said approximately 65% of this investment will be directed toward clean and green energy projects, underlining its commitment to sustainable power growth.

Japan-based banking major Mitsubishi UFJ Financial Group (MUFG) is reportedly close to finalising a deal to acquire a stake in Shriram Finance, one of India’s leading non-banking financial companies (NBFCs).

Reliance Industries is reportedly in discussions to acquire a stake in Udhaiyam Foods, a prominent South India-based ready-to-eat and ready-to-cook packaged food company. The move is part of Reliance’s strategy to expand its footprint in the FMCG packaged foods segment and compete with established players like Tata Consumer Products, ID Fresh, and MTR Foods.