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Reliance Industries Ltd. Friday said its material subsidiary Jio Platforms Ltd. will file a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offer comprising a fresh issue of 270 million shares. In its annual general meeting, RIL Chairman Mukesh Ambani said Jio Platforms will file the draft papers Friday. Read more
By Anshul Choudhary and Rajesh Gajra The disruption caused during the three months of the US-Iran war could have a big impact on economic growth and lead to further de-rating of the Indian equity market, says Siddarth Bhamre, head of institutional research at Asit C. Mehta Investment Interrmediates Ltd. Owing to this, equities are not out of the woods yet and the market either needs to fall more or consolidate for one-two years before it returns to levels attractive for foreign institutional investors, Bhamre tells Informist in an interview. Register to read more
By Gunjan Rajput and Shakshi Jain QMS Medical Allied Services Ltd., which migrated from the NSE Emerge platform to the NSE Main Board on Thursday, is targeting at least a 30% growth in its net profit in 2026-27 (Apr-Mar). The company also expects revenue to rise as much as 25% during the year, driven by robust growth in its healthcare services business, Managing Director Mahesh Makhija told Informist in an exclusive interaction. Read more
By Anand JCThe current discount of INR 20 per litre for the E85 blend of petrol and ethanol over the price of E20 blend is insufficient to boost adoption of flex-fuel vehicles and drive their sales, a senior official at a leading automaker told Informist. The company is currently in touch with the authorities seeking a further cut in prices of E85 fuel. Read more
The overall risk associated with margin trading facility transactions increased after the Securities and Exchange Board of India allowed, in September 2024, clients' securities equivalent to the cash collateral requirement to be used as margin for margin trading positions, the regulator said in a consultation paper issued Thursday on a review of the margin trading facility framework. Read more
The water level in 166 key reservoirs in the country was at 50.46 billion cubic metres as of Thursday, accounting for 27.5% of the total live storage capacity, data from the Central Water Commission showed. The water level was down 13.4% from a year ago and 13.0% above the average storage over the past 10 years, the data showed. Read more
By Gunjan Rajput The demand-supply mismatch in the generic semaglutide market could correct in the next two to six months as more patients begin to use newly launched products and repeat purchases begin, according to market experts. Supply currently exceeds demand in the generic semaglutide market, which has resulted in inventory build-up barely two months after cheaper versions of the drug entered the market. Read more
Lloyds Engineering Works Ltd. Thursday said it, along with Lloyds Enterprises Ltd. and Streamland Estate LLP, will buy 88.12% stake in Steel Infra Solutions Co. Ltd. for INR 10.73 billion. The three companies will together buy up to 35.78 million equity shares of Steel Infra Solutions, in an acquisition funded through a combination of cash and equity, Lloyds Engineering Works said in an exchange filing. Read more
State Bank of India's board Wednesday approved raising up to INR 600 billion through the issuance of debt instruments in financial year 2026-27 (Apr-Mar), according to an exchange filing. The funds can be raised in rupees or any convertible currency, according to the filing. Read more
