Category: Corporate

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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

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Corporate

BlackRock arm invests $225 million in Aditya Birla Renewables

BlackRock’s infrastructure arm, Global Infrastructure Partners (GIP), has invested about $225 million, or nearly ₹2,000 crore, in Aditya Birla Renewables (ABR). This is one of the largest private investments in India’s clean energy sector.

The deal gives GIP a minority stake in the company. Aditya Birla Renewables is the renewable energy arm of Grasim Industries. Grasim is part of the Aditya Birla Group. GIP can also invest an additional ₹1,000 crore at a later stage. This could take the total investment to around ₹3,000 crore.

After the deal, the company’s value is estimated at about ₹14,600 crore, including debt. The transaction still needs regulatory approvals and other standard clearances.

The fresh funds will be used to expand the business. Aditya Birla Renewables plans to increase its power capacity to more than 10 gigawatts in the coming years. At present, the company has about 4.3 gigawatts of projects. These are either operational or under construction. The projects are spread across several Indian states.

The company works on solar power plants. It also runs wind-solar hybrid projects. It is developing floating solar plants. It is also working on round-the-clock renewable power projects.

Experts say this deal shows strong global confidence in India’s renewable energy market. BlackRock’s support highlights growing interest from international investors. These investors see long-term potential in India’s clean energy sector.

The deal also shows the growing role of private capital. Such investments are helping India move towards cleaner energy. They reduce dependence on fossil fuels.

Once approvals are in place, Aditya Birla Renewables is expected to speed up its expansion. The company is likely to bid for more projects. It aims to strengthen its position in India’s renewable energy market.

Also Read: Microsoft to invest $17.5 billion for India’s AI future

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Corporate

Swiggy raises ₹10,000 crore through fresh share sale

Swiggy, India’s leading food and grocery delivery platform, has kicked off a ₹10,000 crore Qualified Institutional Placement (QIP) to raise funds from institutional investors. The floor price for the shares is set at ₹390.51, and reports indicate that investor demand is already strong, with the subscription book fully covered.

The company is offering 269.5 million new shares, roughly 10.8% of its pre‑issue equity base. This is Swiggy’s first major capital-raising effort since its IPO in November 2024, which raised around ₹11,327 crore. Analysts say the fresh capital gives the company the firepower to scale operations and strengthen its foothold in India’s competitive food-tech market.

Swiggy plans to channel the funds into expanding its delivery network, upgrading technology systems, and boosting its quick-commerce services, including groceries and essentials. The company has already been investing in warehouses and dark stores nationwide to ensure faster, more reliable deliveries. The QIP also gives Swiggy financial flexibility for strategic initiatives, including potential acquisitions.

The strong response from domestic and international institutional investors signals confidence in Swiggy’s growth strategy. Industry experts see the move as a vote of trust in the company’s ability to capture a larger share of India’s booming online food and grocery delivery market.

Facing competition from rivals like Zomato and Dunzo, Swiggy’s diversified services and quick-commerce focus provide a clear edge. With this infusion, the company aims to improve efficiency, expand coverage, and innovate further in the digital delivery space.

This QIP marks a key milestone, reinforcing Swiggy’s position as a market leader and preparing it to meet the rising demand for online food and grocery deliveries across India.

Also Read: Hinge CEO steps down to lead new AI dating app

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Corporate

SEBI approves 5 new IPOs, 2 firms withdraw

The Securities and Exchange Board of India (SEBI) has approved the initial public offerings (IPOs) of five companies, paving the way for them to raise capital from the market. The approved firms include Molbio Diagnostics, LEAP India, Foodlink F&B Holdings (India), Technocraft Ventures, and Eldorado Agritech.

Two other companies, Inox Clean Energy and Sky Alloys & Power, have withdrawn their IPO proposals, citing internal decisions, highlighting that regulatory clearance does not always translate into a public listing.

The approvals allow the cleared companies to launch their share sales within the next year, or up to 18 months for those that filed confidentially. The draft filings for these IPOs were submitted between June and September, with SEBI issuing its observations from late November to early December.

Molbio Diagnostics, a Goa-based diagnostics company backed by investors like Temasek Holdings and Motilal Oswal Private Equity, plans to raise around ₹200 crore through fresh issuance, with existing shareholders selling up to 1.25 crore shares. The company provides point-of-care molecular testing for over 30 diseases via its “Truenat” PCR platform.

LEAP India, promoted by global investment firm KKR, intends to raise roughly ₹2,400 crore—₹400 crore through fresh shares and the rest via an offer-for-sale by promoters. The company operates in supply-chain asset pooling, catering to various logistics and distribution needs.

Foodlink F&B Holdings (India), a Mumbai-based food-services and catering company, is looking to raise ₹160 crore via fresh shares, with additional shares available for sale by existing promoters. The funds will support expansion plans and reduce debt.

Technocraft Ventures, from Uttar Pradesh, offers wastewater treatment and sewage infrastructure solutions, while Eldorado Agritech of Telangana focuses on agricultural inputs like seeds and crop protection products. Both have received regulatory clearance to proceed with their IPOs.

The approvals signal a steady momentum in India’s IPO market across sectors such as healthcare, food services, agriculture, and infrastructure. For investors, these listings provide fresh opportunities, while for companies, they represent a crucial step toward growth and capital raising.

The withdrawals by Inox Clean Energy and Sky Alloys & Power reflect market or strategic considerations, underscoring that IPO clearance is only one stage in a broader listing process.

Also Read: Meesho shares jump 46% on stock market debut

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Corporate

Meesho shares jump 46% on stock market debut

Meesho made an impressive entry into the stock market as its shares surged 46% over the IPO price on their first day of trading. The strong listing reflected high investor confidence in the company’s business model and future growth.

On the National Stock Exchange (NSE), Meesho shares opened at ₹162.50, compared to the IPO issue price of ₹111. On the Bombay Stock Exchange (BSE), the stock listed at ₹161.20, showing similar strong gains.

As trading progressed, the stock continued to rise and touched a high of around ₹177.50 during the session, marking a sharp jump of nearly 60% from the issue price.

The IPO received overwhelming interest from investors, with subscriptions running close to 79 times the shares on offer. Strong demand came from institutional investors, retail participants, and high-net-worth individuals.

Market experts believe the strong debut was driven by Meesho’s growing presence in India’s fast-expanding e-commerce sector, especially its popularity in smaller cities and among budget-conscious customers.

The successful listing positions Meesho as one of the standout IPO performers of the year and signals strong investor faith in digital-first consumer businesses.

Also Read: Trump signals potential tariffs on Indian rice

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Corporate

Sensex jumps 250 points, Nifty crosses 25,900

The stock markets started o thursday on a positive note, bringing some relief to investors after recent weak sessions. The Sensex climbed more than 250 points, while the Nifty 50 comfortably moved above the 25,900 level, showing fresh buying interest across several sectors.

Market participants were seen picking up metal and chemical stocks, helped by rising global commodity prices. Hindustan Zinc stood out as a strong performer, supported by higher silver prices in international markets. Stocks like Tata Steel and JSW Steel also traded higher, adding strength to the broader market mood.

Banking and auto stocks joined the rally, with buyers returning to frontline names. Mid-cap and small-cap stocks also saw decent participation, reflecting improving confidence among retail investors.

However, not all stocks moved up. Consumer goods shares showed some pressure, with ITC and Hindustan Unilever (HUL) slipping in early trade as investors stayed cautious around defensive stocks.

Experts said the positive opening came as global markets showed some stability and investors looked ahead to key global central bank decisions. While the mood has improved, caution still remains due to global interest rate concerns and geopolitical uncertainties.

For now, the market seems to be in a recovery mode, with investors slowly returning to quality stocks, hoping for stability and clearer global direction in the coming sessions.

Also Read: Sensex tumbles 436 points, Nifty slips below 25,850

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PhysicsWallah Q2 profit jumps 70%, shares rise 5%

PhysicsWallah, the Indian edtech platform, reported a sharp increase in its quarterly results for Q2 FY26, with net profit rising by nearly 70% to ₹69.71 crore from ₹41.10 crore in the same quarter last year. The strong performance comes as the company continues to expand both online and offline learning offerings.

Revenue for the quarter rose 26.3% to ₹1,051.2 crore, up from ₹832.2 crore in Q2 FY25. The company’s EBITDA margin improved to 26% from 23% a year ago, reflecting operational efficiencies and better cost management.

PhysicsWallah’s paid user base also grew significantly. The number of unique paid users increased from 2.99 million to 3.62 million during the first half of FY26. Of these, 3.22 million enrolled online while 0.40 million joined offline centres. The company now operates 314 offline centres across India, strengthening its hybrid learning model.

Investors reacted positively to the quarterly results, with the company’s shares rising 5% intraday to a high of ₹145.70, signalling confidence in the firm’s growth trajectory post-IPO.

“The first quarterly results after our IPO reflect disciplined execution and strong market response,” said a company spokesperson. “We remain focused on scaling our offerings and diversifying into new segments to ensure sustainable long-term growth.”

PhysicsWallah is increasingly moving beyond its traditional test-prep courses for exams such as JEE and NEET, exploring additional categories to broaden its revenue base. The company expects to turn full-year profit in FY27 as new online segments mature and offline centres stabilise.

With strong revenue growth, expanding user base, and robust cash flow, PhysicsWallah is positioning itself as a leading hybrid education provider in India. Market analysts noted that while the current quarter’s performance is encouraging, execution will be key as the company scales further.

Also Read: Blinkit CEO warns fast-delivery boom faces reality check

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Corporate

Sensex tumbles 436 points, Nifty slips below 25,850

The equity markets fell sharply on Tuesday, with the BSE Sensex losing 436 points to close at 84,666, while the Nifty 50 dropped 120 points to end at 25,839. Investor caution ahead of the U.S. Federal Reserve’s policy decision, foreign fund outflows, and a weakening rupee weighed on sentiment.

Among the top losers, Asian Paints Ltd. slumped nearly 4.5%, Tech Mahindra Ltd. fell about 1.8%, and InterGlobe Aviation Ltd. dropped 1.8%. Information technology and auto stocks led the broader decline.

On the upside, buying interest was seen in public-sector banks and select realty and consumer-durables stocks. Titan Company Ltd. rallied 2.4%, Adani Enterprises Ltd. rose 1.5%, and Shriram Finance Ltd. gained 1.3%.

Traders also cited volatility ahead of the Nifty futures expiry as a factor behind cautious trading. Analysts expect markets to remain range-bound until clarity emerges on global cues, currency trends, and domestic fund flows.

In corporate news, the ICICI Prudential Asset Management Company IPO is set to open on December 12, with a price band of ₹2,061–₹2,165, which may attract investor attention in the coming sessions.

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Paramount’s $108 billion bid sparks WBD takeover battle

In a step that has taken Hollywood by surprise, Paramount Global has launched a bold $108.4 billion hostile takeover bid for Warner Bros. Discovery (WBD), turning an already tense media landscape into a high-stakes corporate drama.

Paramount has offered $30 per share in all cash directly to WBD shareholders, bypassing the company’s management. This aggressive move comes just days after WBD agreed to a proposed merger with Netflix, a deal valued at around $83 billion. Paramount says its offer is “clearly superior” because it delivers higher value and guarantees immediate cash for investors.

For shareholders, the pitch is simple: more money, less uncertainty. Paramount argues that its proposal avoids the risks linked to stock-based mergers and complicated restructuring plans, while keeping WBD’s entire business, movies, TV studios, cable networks and international channels, under one roof.

The bid has intensified the power struggle among global media giants, who are fighting to survive and dominate in a world rapidly shifting from traditional television to streaming. With audience habits changing and competition increasing, companies are looking for size, scale and strong content libraries to stay relevant.

However, the road ahead could be difficult. Such a large merger is likely to attract serious regulatory and antitrust scrutiny, especially in the US, where authorities closely watch media consolidation. Critics warn that combining two major studios could reduce competition and limit consumer choice.

WBD has confirmed it has received Paramount’s offer and is reviewing it. For now, the company continues to back its existing agreement with Netflix. The final outcome will depend on shareholders, regulators and how intense this bidding battle becomes in the coming weeks.

Also Read: Mahindra & Mahindra shares rise on 18% production jump

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Corporate

IIT Dhanbad hosts Adani’s USD 75 billion clean energy vision

At the 100th anniversary of IIT (ISM) Dhanbad on December 9, Gautam Adani, chairman of the Adani Group, laid out a bold vision for India’s clean-energy future. He announced that his group plans to invest over USD 75 billion in the next five years to accelerate the country’s energy transition, making India a global leader in renewable power.

Adani revealed that the first 10 gigawatts of renewable energy under this programme have already been commissioned. He outlined plans to build the world’s largest renewable energy park at Khavda, Gujarat, covering 520 square kilometres. Once fully operational by 2030, the park is expected to generate 30 GW of green energy, enough to power over 60 million Indian homes annually.

He described this as a push for “the world’s lowest-cost green electron,” aiming to set a global benchmark in energy transition. Adani urged students and young engineers to recognize the historic opportunity: as industries worldwide move toward decarbonisation, sectors like steel, hydrogen, manufacturing, and digital infrastructure will increasingly rely on clean energy.

Beyond energy, Adani announced two major initiatives for IIT Dhanbad students. The Adani Annual Internship Programme will provide 50 paid internships every year to third-year students, with at least 25% likely to receive pre-placement offers. This gives students a direct pathway into one of India’s largest business groups.

In addition, the Adani 3S Mining Excellence Centre, in collaboration with TEXMiN, will offer a hi-tech ecosystem for research and training in responsible mining. Students will gain hands-on experience with drones, seismic sensing, metaverse labs, and precision blasting technologies, bridging classroom learning with real-world applications.

Adani concluded by urging students to understand the “language of the earth,” use natural resources wisely, and contribute to India’s rise through innovation and sustainable energy. With these initiatives, IIT Dhanbad students will be at the forefront of India’s green revolution while gaining valuable industry experience.

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