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  • newSebi drops proceedings against Max Financial, Axis Bank in Max Life deal case
    Sebi dropped proceedings against Max Financial and Axis entities. Allegations of disclosure lapses and fraud were not established by the regulator. The case involved transactions between Max Financial, Max Life, and Axis Bank. Sebi found no evidence of a fraudulent scheme to defraud shareholders. Proceedings were based on investigations from FY10 to FY22.
    - 4 hours ago 24 Aug 26, 9:56pm -
  • newSoftBank pares 2.6% Lenskart stake for Rs 2,800 crore
    SoftBank Group has sold a 2.6% stake in Lenskart for Rs 2,888 crore. This transaction reduced SoftBank's holding to 7.28% from 9.86%. Abu Dhabi Investment Authority's Platinum Jasmine Trust remains Lenskart's largest public shareholder. Many institutional investors, both domestic and foreign, participated in the block deal. Lenskart Solutions shares closed slightly lower on the BSE after the transaction.
    - 4 hours ago 24 Aug 26, 9:23pm -
  • newY Combinator sells Meesho shares worth Rs 970 crore in block deals; Morgan Stanley, Goldman Sachs, Citigroup among buyers
    Y Combinator-linked entities sold 4.85 crore Meesho shares worth Rs 970 crore through block deals at Rs 200.01 apiece. Institutional buyers including Nippon India Mutual Fund, HDFC Life, Morgan Stanley, Goldman Sachs and Citigroup acquired significant stakes.
    - 4 hours ago 24 Aug 26, 9:14pm -
  • newGovt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
    The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%. The sale offers a discount to market price amid strong quarterly earnings and expansion plans.
    - 6 hours ago 24 Aug 26, 7:30pm -
  • newIran's currency rial hits record low as US plans more sanctions
    Iran's currency has plummeted to a staggering 2.02 million rials against the US dollar, reflecting deepening economic strain as Washington gears up for more sanctions. The rial's decline is fueled by persistent sanctions and a naval blockade, exacerbated by double-digit inflation and negative growth. The ongoing conflict, now nearing six months, has further devastated an already fragile economy.
    - 7 hours ago 24 Aug 26, 6:57pm -
  • newRs 21,000 crore IPO rush in August highest in one year. Will September break all records?
    In August, India's IPO market witnessed a remarkable recovery, becoming the most active month in nearly a year. Over twenty companies successfully raised more than twenty-one thousand crore rupees through public offerings. This revitalization comes after a quieter first half characterized by market instability and concerns over valuations. Positive market sentiment, coupled with strong performances from recent listings, has encouraged a significant number of companies to prepare for their IPOs.
    - 16 hours ago 24 Aug 26, 9:37am -
  • Mcap of four of top-10 most valued firms jumps Rs 1.43 lakh cr; State Bank biggest winner
    In a notable surge, four leading Indian corporations experienced an impressive rise in market valuations, totaling Rs 1.43 lakh crore. The State Bank of India led the charge, boosting its valuation by Rs 63,922 crore. Other notable gainers included Reliance Industries, TCS, and Larsen & Toubro, while LIC, Bajaj Finance, and HDFC Bank suffered significant losses in their valuations.
    - 16 days ago 9 Aug 26, 10:21am -
  • Foreign investors continue buying spree; pour Rs 12,921 cr in first week of Aug
    In early August, Foreign Portfolio Investors poured Rs 12,921 crore into Indian equities, building on their notable investments from July. This surge indicates improved investor sentiment and favorable macroeconomic conditions. Furthermore, foreign investors have displayed interest in India's debt market, resulting in additional inflows. However, it’s worth noting that despite these recent inflows, they have been net sellers in the Indian equity market throughout the year.
    - 16 days ago 9 Aug 26, 10:18am -
  • RBI special windows seen big enough to bring in $100B
    India's new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over forty billion dollars in foreign exchange. Experts predict these initiatives could significantly exceed initial mobilization estimates. The Reserve Bank of India introduced these facilities to support the balance of payments. These programs aim to cushion the rupee and contain imported inflation.
    - 22 days ago 3 Aug 26, 12:43am -
  • India, Canada aim to conclude CEPA trade pact by end-2026: MEA
    India and Canada are working to finalize their economic partnership agreement. Negotiations for the Comprehensive Economic Partnership Agreement are progressing well. Both nations aim to conclude these important talks by the end of 2026. This agreement seeks to liberalize trade and strengthen economic cooperation between the two countries. Prime Minister Modi plans a visit later this year to boost bilateral ties.
    - 22 days ago 3 Aug 26, 12:18am -
  • Govt's urban reset: Centre divides ministry of Housing and Urban Affairs into two specialised verticals
    The Ministry of Housing and Urban Affairs has undergone a significant structural overhaul. Senior bureaucrats were replaced and new leadership appointed to spearhead its flagship missions. The ministry was split into two specialized departments, focusing on capital development and urban development. This administrative revamp aims to streamline service delivery and accelerate infrastructure projects. Personnel shifts occurred rapidly after the government's decision to divide the ministry.
    - 22 days ago 3 Aug 26, 12:05am -
  • Trump announces a deal for Hamas to disarm in Gaza, but many hurdles and uncertainty remain
    US President Donald Trump announced a deal for Hamas disarmament and Israeli withdrawal from Gaza. This agreement involves carefully structured phases for winding down the conflict. Israeli forces will withdraw as disarmament is completed by Hamas. A new Palestinian police force will work with an international stabilization force. Reconstruction of Gaza is envisioned after the war concludes.
    - 25 days ago 31 Jul 26, 6:33am -
  • In 1943, US built an entire city, and it didn't exist on a single map
    Oak Ridge, Tennessee, was a secret city of 75,000 people during World War II. This hidden community was established for the Manhattan Project's atomic bomb development. Residents worked on crucial tasks without knowing the overall purpose of their efforts. The city remained invisible to the public until the atomic bombs were deployed. Today, Oak Ridge is a mapped city and a historical park.
    - 28 days ago 27 Jul 26, 4:34pm -
  • Humans have a 'third eye' in the brain: Study links it to a 600-million-year-old Cyclops ancestor
    Humans cyclops connection: Scientists claim our eyes and even a hormone-regulating gland in our brain trace back to a bizarre, one-eyed sea creature that lived 600 million years ago.
    - 28 days ago 27 Jul 26, 2:20pm -
  • 1,500 ships trapped in Gulf of Hormuz is quietly multiplying an underwater army that could unleash World's biggest bioinvasion event
    Gulf of Hormuz underwater army: Nearly fifteen hundred ships stuck in the Persian Gulf after fighting closed the Strait of Hormuz. These idle vessels are now becoming breeding grounds for marine invasive species, whose build-up of organisms on ship hulls increases fuel consumption significantly. Scientists urge stricter rules to prevent a major bioinvasion event.
    - 32 days ago 24 Jul 26, 9:04am -

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