Business News
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MM Forgings – Robust outlook on India and US CV biz, valuation reasonable; maintain BUY
MM Forgings’ (MMFL) EBITDA grew by 19% y/y to Rs750m in Q1FY27, above our estimate of Rs659m, due to more-than-expected gross margin, other operating income and DVS merger. Looking ahead, we expect its revenue/EBITDA to…
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Symbiotec Pharmalab Limited IPO of ₹ 17,570.00 million to open on August 24, 2026
National: Symbiotec Pharmalab Limited (“Symbiotec Pharmalab” or “The Company”), proposes to open the Bid / Offer Period in relation to its Initial Public Offer of the Equity Shares (“Offer”) on Monday, August 24, 2026. The…
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InfinityDAO Moves Toward US$1 Billion Insurance Protection for IDL Ecosystem
UK-Based Specialist Crypto Insurance Programme Designed to Cover Token Default, Platform Default, Crime & Theft and Directors & Officers Risks Mumbai / London: InfinityDAO, the AI-driven decentralized-finance ecosystem behind the IDL token, is moving to…
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Lalithaa Jewellery Mart Limited’s IPO subscribed 3.07 times on Day 2
Mumbai: The Initial Public Offering of Lalithaa Jewellery Mart Limited was subscribed 3.07 times on the second day of bidding, demonstrating strong demand from retail, qualified institutional buyers (QIB) and non-institutional investors for this IPO.…
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HDFC Mutual Fund Recognised as India’s Top Mutual Fund House for Investor Learning
HDFC Mutual Fund (HDFC MF) has emerged as the mutual fund company most associated with helping investors learn about mutual funds, according to the latest “Reputation Drivers Shaping Investor Trust in Mutual Funds 2026” report…
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IndusInd Bank Limited joins the Partnership for Carbon Accounting Financials (PCAF)
The partnership strengthens the Bank’s commitment towards measuring and managing emissions associated with financial activities in support of a low-carbon economy India: IndusInd Bank, today, announced that it has joined the Partnership for Carbon Accounting…
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