Latest Stock Market News

Kutch Copper, a wholly-owned subsidiary of group incubator and flagship, Adani Enterprises, has formed a joint venture with Praneetha Ventures to manufacture and sell metal products, wires and cables.

Founders of new-age technology companies often receive Esops, or equity-linked instruments over cash-based remunerations, in formative years. This also aligns their interest with the other shareholders in the company. As typically, when these companies raise investments the founders shareholding in the company gets diluted.

For private placement of units of InvITs and REITs above ₹1,000 crore, issuer has to access the EBP platform for such issuances, it said in a consultation paper on Thursday. Further, the green shoe portion in issues should not exceed three times the base issue size, the regulator said.

Shares of IT stocks TCS, HCL Tech and Infosys will be in focus after global peer Accenture raised the lower end of its annual revenue forecast on Thursday, betting on growing demand for its services to help clients integrate AI-powered tools into their operations.

Markets regulator Sebi on Thursday introduced modifications to the disclosure requirements for shareholding patterns in a bid to improve the clarity.

Bain Capital has agreed to acquire joint control in Manappuram Finance by investing Rs 4,385 crore for an 18% stake. The transaction will trigger an open offer for an additional 26% stake. Existing promoters will maintain a 28.9% stake. Manappuram Finance aims to fuel growth and expand with Bain Capital s support.

Indian markets saw strong gains, with Sensex surging 899 points and Nifty rising 283 points. Auto, FMCG, and IT stocks led the rally, marking the fourth consecutive positive closing. Analysts predict further gains as technical indicators signal a bullish trend.

Markets regulator Sebi on Thursday proposed making electronic book mechanism mandatory for all private placement debt issues exceeding Rs 20 crore and is looking to expand the platform s scope to include REITs and InvITs.

Infosys and Wipro ADRs fell after Accenture raised the lower end of its annual revenue forecast, reflecting strong demand for AI and cloud migration services. Accenture’s results indicate broader IT sector trends ahead of India’s earnings season in April.