Category: Corporate

Categories
Corporate

Sensex jumps 300 Points, Nifty moves above 25,950

Indian stock markets opened strong on Friday. The Sensex gained over 300 points, and the Nifty moved above 25,950, showing improved sentiment after a weak start to the week.

The rally was led by big gainers such as Larsen & Toubro (L&T), ICICI Bank, Bharti Airtel, HDFC Bank, and Reliance Industries. These stocks saw good buying interest and helped lift the overall market.

On the other hand, a few sectors saw pressure. IT stocks, FMCG companies, and some pharma shares were among the early losers, with mild profit-booking dragging them down.

Global cues also supported the market. Positive trends in US and Asian markets, along with improved optimism after the US Federal Reserve’s interest rate cut, boosted investor confidence. This encouraged buying in banks, capital goods, and telecom stocks.

Investors are now watching for India’s inflation data, expected later in the day, which could influence market direction.

Overall, the markets recovered well, with strong gainers in banking and engineering stocks outweighing minor losses in IT, FMCG, and pharma sectors.

Also Read: Sensex up 427 points, Nifty near 25,900

Categories
Corporate

Sensex up 427 points, Nifty near 25,900

Indian stock markets ended higher on Thursday, breaking a three-day losing streak. The Sensex rose 426.86 points to settle at 84,818.13, while the Nifty advanced 140.55 points to close just below 25,900. Positive global cues and renewed buying across major sectors supported the rebound.

Key sector indices including auto, IT, pharma, telecom, banking and metals finished in the green, signalling broad-based participation. Improved sentiment in global markets further boosted domestic investor confidence.

Stocks that drove the recovery included Kotak Mahindra Bank, Eternal, Jio Financial, Tata Steel and Grasim Industries. Their strong performance played a major role in lifting benchmark indices.

A few frontline stocks lagged behind despite the broader market strength. Bharti Airtel, Asian Paints, SBI Life Insurance, Bajaj Finance and Axis Bank were among the notable losers.

Midcap and smallcap segments also outperformed, reflecting continued investor appetite beyond large-cap counters. This wider market strength added momentum to the day’s upmove.

However, the rupee weakened further, closing near its record low against the U.S. dollar due to consistent foreign outflows. Currency pressure remains a concern for near-term market stability.

Analysts note that global market trends, foreign fund activity and currency movements will continue to guide sentiment in the sessions ahead.

Also Read: Sensex advances 100 points, Nifty edges above 25,800

Categories
Corporate

Corona Remedies IPO allotment finalised, listing on Dec.15

The allotment for the Corona Remedies Ltd. IPO was finalised on 11 December 2025, marking an important step for investors who applied to the ₹655-crore issue. The IPO, which opened from 8 to 10 December, received an exceptionally strong response across all investor categories, making it one of the most subscribed issues of the year.

Investors can now check whether they have been allotted shares. The allotment status is available on the website of Bigshare Services, the official registrar for the IPO. Applicants can log in using their PAN number, application number, or DP ID. The allotment details can also be checked on the BSE and NSE portals. Those who have received shares will see them credited to their demat accounts by 12 December, while refunds for non-allottees will also be processed on the same day.

The Corona Remedies IPO received a huge market response, with the issue subscribed over 130 to 137 times. This means demand was far greater than the shares available, indicating strong interest from investors ranging from retail buyers to qualified institutional investors (QIIs) and high-net-worth individuals. The high subscription levels show the confidence investors have in the company’s business, growth record, and presence in the pharmaceutical sector.

Grey market activity has also remained strong. The IPO is trading at a premium of around 27–28%, signaling expectations of a positive listing. A strong grey market premium usually reflects positive sentiment and indicates that investors believe the stock may list above the upper end of the price band, which for this IPO was ₹1,008 to ₹1,062 per share.

Corona Remedies is a growing pharmaceutical company with a diverse portfolio across women’s health, cardio-diabetes, pain management, urology, and nutritional supplements. Its steady revenue growth and nationwide distribution network have added to investor confidence.

The stock is scheduled to list on the BSE and NSE on 15 December 2025, and market watchers will be closely observing its debut price and trading movement. For now, investors are checking the allotment details and preparing for the stock’s listing, which is expected to draw strong interest on opening day.

Also Read: TCS to buy US firm Coastal Cloud for $700 million

Categories
Corporate

TCS to buy US firm Coastal Cloud for $700 million

Tata Consultancy Services (TCS), India’s largest IT services company, will acquire Coastal Cloud, a US-based Salesforce consulting and AI advisory firm, for $700 million in an all-cash deal. The deal is expected to close by January 31, 2026, after receiving the necessary regulatory approvals.

Coastal Cloud, founded in 2012, specializes in Salesforce consulting, multi-cloud integration, and AI-driven digital transformation. The firm employs around 400 Salesforce experts and recorded revenues of $132 million in 2024, growing to $141 million in the year ending September 2025. Coastal Cloud helps businesses across industries implement Salesforce solutions, improve customer experiences, and leverage AI for smarter decision-making.

This acquisition is part of TCS’s plan to expand its Salesforce and cloud services globally. The addition of Coastal Cloud will strengthen TCS’s position among the top five global Salesforce consulting firms and enable the company to serve both mid-market and enterprise clients more effectively.

TCS Chief Operating Officer Aarthi Subramanian said the deal supports the company’s “AI-led transformation strategy” and enhances its Salesforce expertise. Coastal Cloud CEO Eric Berridge said joining TCS will allow the combined team to deliver better solutions at a larger scale.

The deal follows TCS’s recent acquisition of ListEngage, a US-based AI advisory firm, in October 2025. Together, these moves highlight TCS’s focus on cloud, AI, and digital transformation services, reinforcing its position in the global consulting market.

The acquisition also brings TCS new industry experience and expands its client base in the US, a key market for Salesforce consulting. Analysts expect the move to accelerate TCS’s growth in digital solutions and strengthen its competitive position in the fast-evolving IT services sector.

Also Read: Adani Enterprises’ ₹25,000 cr rights issue exceeds expectations

Categories
Corporate

Adani Enterprises’ ₹25,000 cr rights issue exceeds expectations

Adani Enterprises Limited (AEL) has successfully completed its ₹25,000 crore rights issue, which closed on December 10, 2025, achieving 108 percent overall subscription. The oversubscription underscores strong investor confidence in the company’s strategic initiatives and financial positioning.

Under the rights issue, eligible shareholders were offered new equity at ₹1,800 per share, with an entitlement of three new shares for every 25 shares held. Payment for the subscription was structured in three tranches, with the initial installment collected at the time of application and subsequent payments scheduled in January and March 2026.

The public portion of the issue was oversubscribed by approximately 130 percent, reflecting robust participation from retail and institutional investors. The promoter group, holding approximately 74 percent stake, fully subscribed to its entitlement, demonstrating strong internal support for the capital raise.

Proceeds from the rights issue are earmarked for debt reduction, repayment of shareholder loans, and capital expenditure across key business segments, including energy, infrastructure, airports, data centers, green hydrogen initiatives, and metals manufacturing. The capital infusion will enhance financial flexibility, reduce leverage, and support the company’s long-term growth strategy.

Adani Enterprises’ share price recorded a marginal decline on the closing day of the rights issue, reflecting market adjustments following the capital raise.

This successful rights issue represents one of the largest capital-raising exercises in the Indian market in 2025 and reaffirms investor confidence in Adani Enterprises’ diversified business model. The company remains committed to leveraging the strengthened balance sheet to execute its strategic priorities, drive sustainable growth, and enhance shareholder value.

Adani Enterprises continues to focus on delivering long-term value to all stakeholders while advancing projects that contribute to India’s infrastructure and energy landscape.

Also Read: Mexico hikes tariffs up to 50% on Asian imports

Categories
Corporate

Vi Business rolls out smart gas metering for CGD companies

Vi Business, the enterprise division of Vodafone Idea, has launched smart gas meters for City Gas Distribution (CGD) companies. The new solution uses digital technology to help gas companies manage usage more efficiently and reduce losses.

The meters are powered by Narrowband IoT (NB-IoT), a technology that allows them to send data reliably, even from hard-to-reach areas. This means gas companies can now track usage in real-time, quickly detect leaks or theft, and ensure accurate billing. It also reduces the errors that happen with manual meter readings.

‘Lost and Unaccounted Gas’ (LUAG) is a major problem in the gas industry. It happens when gas is lost due to leaks, theft, or incorrect readings. Smart meters can help fix this problem by giving accurate information instantly.

The CGD sector in India is growing fast and is expected to use nearly one-third of the country’s total natural gas in the next few years, according to the Petroleum and Natural Gas Regulatory Board (PNGRB). As the industry grows, digital tools like smart meters are becoming essential to make operations smoother and more reliable.

Arvind Nevatia, Chief Enterprise Business Officer at Vi Business, said, “Smart gas meters are changing the way utilities operate. Our solution helps gas companies save costs, reduce losses, and make billing more accurate for consumers.”

The new smart meters are part of Vi Business’s larger effort to bring digital solutions to India’s energy sector. They are designed to grow with the company’s needs, making it easy for gas operators to upgrade their systems in the future.

With these meters, CGD companies can improve safety, reliability, and customer trust. By combining technology with practical insights, Vi Business aims to support India’s gas sector as it becomes more digital and efficient.

Also Read: Fed cuts rates again, benchmarks at three‑year low

Categories
Corporate

Sensex advances 100 points, Nifty edges above 25,800

The equities opened higher on Thursday, where the Sensex rose over 100 points in early trade, while the Nifty moved nearly 40 points higher to stay above the 25,800 mark. It tracked the positive global sentiment after the US Federal Reserve cut interest rates by 25 basis points. Buying was visible across metals, auto, banking, IT and real estate stocks, with traders noting that the market, though cautious at the open, strengthened as expectations of improved global liquidity took hold.

Metals led the early advance, supported by firm global commodity prices. Among the key gainers at 9:30 AM were DCM Shriram, which climbed 5.70 percent, JSW Holdings, BSE, Kaynes Technology India and ACME Solar Holdings, all rising between 2 and 3 percent.

On the other hand, pressure persisted in select counters. Tata Teleservices (Maharashtra) fell 4.08 percent at 9:34 AM, followed by declines in Godfrey Phillips India, Transformers & Rectifiers (India), Balrampur Chini Mills and Go Digit General Insurance.

Profit-booking in consumer-focused and midcap stocks capped the market’s overall upside. IndiGo also slipped more than 2 percent after the airline lowered its quarterly capacity and revenue guidance.

Analysts said volatility is likely to continue through the session, with global cues remaining the key driver. They added that while the Fed’s rate cut offers short-term relief, domestic triggers will be essential to sustain further gains in the broader market.

Also Read: Sensex slips 275 points, Nifty closes near 25,750

Categories
Corporate

Amazon announces $35 billion India growth plan by 2030

Amazon has announced it will invest over $35 billion in India by 2030. This is in addition to the $40 billion it has already invested in the country. The investment will focus on three areas: artificial intelligence, exports, and job creation.

Since 2010, Amazon has helped digitise more than 12 million small businesses in India. It has supported around $20 billion in exports and created 2.8 million jobs, directly or indirectly.

With the new plan, Amazon expects to generate 1 million more jobs by 2030. These jobs will include technology, logistics, operations, customer support, and other related sectors.

Amazon also aims to increase its e-commerce exports from $20 billion to $80 billion by 2030. The company plans to expand access to AI tools for small businesses. This includes improving online shopping experiences with AI features like visual search and multilingual support. Amazon will also offer AI education and training to students.

The announcement was made at the Amazon Smbhav Summit 2025 in New Delhi. The company shared a report highlighting its impact on India’s digital growth, small business empowerment, and job creation over the last decade.

Amazon’s new investment shows its confidence in India’s growing digital economy. It also aligns with national goals to boost AI, strengthen infrastructure, and support small businesses.

This step reinforces Amazon’s commitment to helping India’s economy grow while creating opportunities for millions of people.

Also Read: Anupam Rasayan buys US firm Jayhawk for $150 million

Categories
Corporate

Anupam Rasayan buys US firm Jayhawk for $150 million

In a major overseas expansion, Anupam Rasayan India has agreed to acquire US-based Jayhawk Fine Chemicals for about $150 million, marking one of its biggest international moves so far.

The deal includes the purchase of all Jayhawk’s equity and the settlement of outstanding loans. After adjusting for Jayhawk’s cash balance, the enterprise value of the transaction works out to around $134 million.

The acquisition gives Anupam Rasayan its first manufacturing footprint in the United States. This is expected to bring the company closer to global customers and strengthen its position in high-margin, niche chemical segments.

Jayhawk Fine Chemicals is known for its expertise in high-purity and complex chemistries. Its capabilities include advanced chemical processes used in sectors such as aviation, electronics, semiconductors and other industrial applications. The company reported revenue of nearly $78 million in 2024, with an EBITDA of around $15 million.

According to Anupam Rasayan’s management, the deal is aimed at creating strong operational and strategic synergies. The plan is to combine Jayhawk’s technology and customer relationships in the US with Anupam’s cost-efficient manufacturing base in India. This “dual manufacturing” model is expected to improve supply reliability for global clients while keeping costs competitive.

The transaction will be funded through a mix of internal funds, debt and a large quasi-equity investment from a global fund. Importantly, the company has clarified that this investment will not dilute Anupam’s management control.

After the acquisition, Anupam Rasayan expects its business mix to change significantly. The share of “performance materials” in its revenue is likely to rise to about 35%, compared to roughly 12% earlier. Agrochemicals are expected to continue as a key segment, contributing around 40–45% of revenues.

Market analysts have largely viewed the acquisition as a strategic, long-term positive, saying the deal strengthens Anupam’s global presence and opens new growth avenues in high-value industries.

With this move, Anupam Rasayan is positioning itself as a more diversified and globally integrated specialty-chemicals company, reducing dependence on any single geography.

Also Read: BlackRock arm invests $225 million in Aditya Birla Renewables

Categories
Corporate

Sensex slips 275 points, Nifty closes near 25,750

Indian stock markets closed lower on Wednesday wherein the BSE Sensex fell by about 275 points, while the Nifty 50 ended below 25,800. Mid-cap and small-cap stocks also slipped, showing weakness in the broader market.

Among the Nifty 50 stocks, Eicher Motors, Hindalco, Tata Steel, HDFC Life, and Adani Ports emerged as the top gainers. Metal stocks outperformed the broader market on the back of firm global commodity prices and bargain buying.

On the losing side, InterGlobe Aviation (IndiGo) saw strong selling pressure and ended among the top losers. Zomato (Eternal), Trent, Bharti Airtel, and Apollo Hospitals also declined, dragging the benchmark indices lower.

Sector-wise, IT, banking, realty, capital goods and consumer durables stocks recorded losses of 0.5–1%. The metal sector bucked the trend and ended higher, while oil and gas and pharma stocks closed with modest gains.

Analysts said market sentiment remains fragile amid uncertainty over global interest rate trends and foreign fund flows. Investors are expected to stay cautious in the near term, tracking global cues, currency movement and upcoming central bank decisions.

Also Read: Sensex jumps 250 points, Nifty crosses 25,900