Category: Corporate

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Corporate

Sensex down 14 points, Nifty slips 13 after choppy trade

The stock market had a mixed and shaky day on November 28, 2025. Both Sensex and Nifty moved up and down throughout the session but finally closed almost unchanged. The Sensex slipped just 13 points, and the Nifty fell 12 points.

Some stocks did wel such as Mahindra & Mahindra that rose around 2%, and Adani Enterprises also gained. But Shriram Finance, HDFC Life, SBI Life and Power Grid saw losses of around 1–2%.

Among sectors, pharma, media and auto stocks gained slightly, while power, oil & gas and telecom shares slipped. Traders remained cautious and avoided making big moves as they waited for fresh economic data. Markets may stay in this sideways mood for a while, analysts said.

Also Read: Sensex gains 100 Points, Nifty tops 26,200

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Corporate

Meesho IPO to open on Dec 3, plans to raise ₹5,421 cr

E-commerce platform Meesho will open its IPO on December 3, closing on December 5, aiming to raise ₹5,421 crore. The issue includes ₹4,250 crore from new shares and ₹1,171 crore from existing shareholders. The price band is set at ₹105-111 per share, valuing the company at about $5.6 billion if priced at the top end.

Meesho has rapidly expanded in India’s tier-2 and tier-3 cities, with 88% of orders coming from outside top metros. The platform now has 234 million annual users and over 700,000 sellers, each placing thousands of orders annually. The company connects small sellers with buyers, earning from logistics, advertising, and seller tools rather than stocking inventory.

Despite growth, the company remains loss-making, though it has generated some positive cash flow. High cash-on-delivery orders, which have lower success rates, and intense competition from bigger e-commerce players remain key risks.

Brokers have given a “Subscribe” recommendation for long-term investors, citing Meesho’s scale, growing user base, and competitive pricing. The IPO is seen as reasonably valued compared with listed peers.

Also Read: Emami shares rise 5% as brokers expect strong FY26 growth

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Corporate

Emami shares rise 5% as brokers expect strong FY26 growth

Emami Ltd’s shares jumped about 5% on Thursday, rising from ₹514 to ₹538 on the NSE, after brokers turned optimistic about the company’s performance in the second half of fiscal 2026.

Brokers like Nuvama Institutional Equities said past slowdowns due to GST and product changes are over. With inventories back to normal, Emami is likely to see double-digit revenue growth. Its international business, which makes up around 18% of sales, is also expected to grow. Core product categories, which form 70% of sales, are forecasted to grow 5–7% annually, and Emami aims to increase direct-to-consumer sales from 6% today to 20% in the next 3–4 years.

Goldman Sachs has a ‘Buy’ rating with a target price of ₹825, expecting strong earnings over the next year, supported by stable demand, good winter season sales, and improved operations.

However, brokers warned of risks like competition in niche products, leadership changes, and seasonal demand fluctuations, which could affect earnings.

Investors see potential for gains if sales improve as expected, but should watch the coming quarters closely due to seasonal and market risks.

Also Read: ICICI Prudential AMC gets SEBI nod for $12 billion IPO

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Corporate

ICICI Prudential AMC gets SEBI nod for $12 billion IPO

ICICI Prudential Asset Management Company (AMC), India’s second-largest mutual fund house, has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The company is aiming for a valuation of $12–12.5 billion, making it one of the biggest listings from the financial sector in recent years.

The IPO will be a complete offer-for-sale (OFS) by its UK-based shareholder, Prudential Corporation Holdings (PCHL). Prudential plans to sell around 10% of its stake, equal to about 1.76 crore shares. Since it is a pure OFS, the company will not issue new shares, and all proceeds will go directly to the selling shareholder. ICICI Bank, which currently owns 51% of the AMC, has also proposed buying an additional 2% stake from Prudential before the IPO to maintain its majority shareholding.

ICICI Prudential AMC manages assets worth over ₹10.6 lakh crore and serves more than 1.5 crore investors. It has a strong presence across equity, debt and passive funds, and holds a market share of about 13% as of March 2025. The AMC is considered one of the most trusted fund houses in the country, backed by the ICICI brand and its long operational track record.

Once listed, ICICI Prudential AMC will become the fifth ICICI Group company to debut on the stock market, joining ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard General Insurance and ICICI Securities. The public issue is expected to attract strong interest from institutional and retail investors due to the company’s scale, profitability and established market position.

The IPO is likely to hit the market soon, making it one of the major offerings to watch in India’s financial markets this year.

Also Read: ED arrests WinZO founders in money-laundering case

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Corporate

Bandhan Bank to sell nearly ₹7,000 cr of bad Loans

Bandhan Bank has decided to sell a big chunk of its old, unpaid loans, almost ₹7,000 crore, to companies that specialise in recovering bad debts. These loans are unsecured retail loans, mostly given to small businesses, micro-entrepreneurs, and group borrowers.

The bank says many of these loans have not been repaid for over six months, and some were already written off earlier because recovery seemed unlikely. Instead of keeping these stressed loans on its books, Bandhan now wants to hand them over to asset reconstruction companies (ARCs), which take on the risk and try to recover whatever money they can.

The overdue loans (₹3,212 crore) will be sold through a Swiss Challenge method, where the bank invites bids and then allows competing buyers to improve upon them. The written-off loans (₹3,719 crore) will be auctioned separately.

Most of these loans come from Bandhan’s micro-finance and small-business segments,  borrowers who often run tiny shops, farms, or home-based enterprises. The bank says selling these loans will help it clean up its balance sheet and focus on healthier business.

If the sale attracts strong interest, Bandhan may consider more such transactions later.

Also Read: GAIL shares drop 6.5% after ₹65.69 tariff

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Corporate

GAIL shares drop 6.5% after ₹65.69 tariff

GAIL (India) Limited’s shares declined 6–6.5% on 28 November 2025 following the Petroleum and Natural Gas Regulatory Board’s (PNGRB) announcement of a revised pipeline tariff.

The regulator approved an increase for GAIL’s integrated natural-gas pipeline network to ₹65.69 per MMBtu from the current ₹58.60, reflecting a 12% rise. However, this was below both market expectations of approximately 15% and GAIL’s requested tariff of ₹78 per MMBtu, or a 33% increase. The new tariff will be effective from 1 January 2026, with a comprehensive review deferred until FY 2028.

Market analysts noted that while the tariff adjustment provides incremental revenue support, the smaller-than-anticipated revision limits its immediate impact on the company’s earnings. Certain cost components were revised, but the overall effect on realized tariffs is expected to be moderate.

Investor sentiment reflected caution as the stock adjusted to the tempered revenue outlook amid broader business uncertainties in GAIL’s petrochemicals and gas marketing segments.

Also Read: Omnicom merges with IPG, becomes advertising giant

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Corporate

Omnicom merges with IPG, becomes advertising giant

Global advertising giants Omnicom Group and Interpublic Group (IPG) have officially merged, forming the world’s largest advertising and marketing company. The deal, valued at around $13.25 billion in an all-stock transaction, gives former Omnicom shareholders 60.6% and IPG shareholders 39.4% of the combined company. IPG shareholders received 0.344 Omnicom shares for each IPG share.

The merger brings together some of the most prominent creative and media agencies worldwide, including McCann, FCB, MullenLowe, and IPG Mediabrands, under one roof. With a combined annual revenue exceeding $25 billion, the new entity will dominate global advertising and become the second-largest network in India, after WPP plc.

Regulatory approvals were completed recently, with the European Commission giving unconditional clearance, allowing the merger to finalize. Industry analysts note that while the merger strengthens the company’s global scale and resources, it may also lead to job consolidations and operational changes as overlapping agencies restructure.

 The merger highlights how major advertising firms are seeking scale to compete amid declining traditional ad revenues and the rise of digital and AI-powered marketing solutions. For Indian advertisers, this consolidation could influence media buying, campaign strategies, and pricing, as fewer large networks control a bigger share of the market.

Also Read: Adani buys India’s top pilot-training company for ₹820 cr

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Corporate

Adani buys India’s top pilot-training company for ₹820 cr

Adani Defence Systems & Technologies, part of the Adani Group, has bought a majority stake in Flight Simulation Technique Centre (FSTC), India’s largest independent pilot-training company, for ₹820 crore.

The deal gives Adani control of around 73% of FSTC, while the original owners retain the remaining 27%. FSTC runs 11 advanced flight simulators and 17 training aircraft, offering services from commercial pilot licenses to specialized skill courses. The company has training centers in Gurugram and Hyderabad and flying schools in Haryana. It is certified by India’s DGCA and Europe’s EASA.

This acquisition marks Adani’s entry into pilot training and flight simulation. With India’s aviation industry growing fast, the demand for trained pilots is increasing. By acquiring FSTC, Adani aims to offer complete aviation services, covering training, maintenance, and defence support  and expand its presence in both civil and military aviation.

Also Read: Asian Paints to invest ₹340 crore in new UAE plant

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Corporate

Sensex gains 100 Points, Nifty tops 26,200

The Indian market began the session on a firm note on Friday, with the Sensex opening around 85,788, up 68 points, and the Nifty starting near 26,233, adding about 17 points. The early tone remained positive as investors continued to buy into cyclicals after the recent record-high rally.

Auto and metal stocks supported the market at the open, with Mahindra & Mahindra, Reliance Industries, Hindustan Unilever, Tech Mahindra and Titan gaining between 1% and 2%. Sectorally, the metal index rose around 0.5%, while auto stocks also saw steady traction.

However, the broader mood was mixed as oil & gas stocks traded lower, keeping overall gains in check. Analysts said the opening reflects cautious optimism, with markets expected to stay in a consolidation phase after hitting new peaks earlier in the week.

Also Read: Sensex 85,720, Nifty 26,215 end higher after record peaks

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Corporate

Sensex 85,720, Nifty 26,215 end higher after record peaks

The Indian stock market saw a steady but cautious finish on November 27. Both benchmark indices, the Sensex and the Nifty, touched fresh all-time highs during the day before slipping due to profit-booking. The Sensex eventually closed at 85,720, up 111 points, while the Nifty settled at 26,215, gaining 10 points.

Early optimism was driven by expectations of upcoming interest rate cuts and strong domestic investor participation. This pushed banking and financial stocks higher, with names such as HDFC Bank, ICICI Bank, Bajaj Finance and Bajaj Finserv contributing the most to the day’s gains.

However, the rally was capped as selling pressure emerged in the second half of the session. Sectors like oil & gas, realty, energy and consumer durables saw declines, offsetting some of the early momentum. Mid-cap stocks held steady, but small-caps underperformed, signalling a shift toward safer, large-cap bets.

Analysts say the Nifty will need to climb and stay above 26,310 to extend the uptrend, while support lies around the 26,000 mark. Market direction over the next few days will depend on global cues, central bank signals, and domestic economic data.

Also Read: Sensex tops 86,000, Nifty crosses 26,300