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The board of state-owned IREDA on Thursday approved a proposal to raise Rs 4,500 crore. The funds will be raised in one or more tranches through further public offer (FPO)/qualified institutional placement (QIP)/rights issue/preferential issue or any other permitted mode or combination, subject to the statutory or government approval, IREDA said in an exchange filing.

Reliance Industries (RIL) Chairman and Managing Director Mukesh Ambani on Thursday announced that they are aiming to double its revenue as well as EBITDA of its telecom offering Reliance Jio in the next 3-4 years.

Domestic equity indices, Nifty 50 and Sensex hit record highs on Thursday. In today’s session, six Nifty50 stocks reached new 52-week highs. Here’s the list

The Indian government has simplified listing rules for companies on international exchanges within IFSCs, aligning with global standards. New regulations require a minimum 10% public offer and allotment, and a continuous listing requirement of 10% under SCRR Rules 19 and 19A.

9 individuals joined the 2024 Hurun India Rich List, driven by successful IPOs. Entries include Amit Saraf from Juniper Hotels, Pradeep and Pankaj Rathod of Cello World.

PDS Ltd, a fashion sourcing and manufacturing platform serving global leading brands and retailers, on Wednesday said it has raised Rs 430 crore through qualified institutional placement.

​And with rate cut on the anvil in US, some of the levered sector like telecom, manufacturing, etc, can also start opening up come FY26. So, with these kind of anticipations, I think it is logical that investors will take position and that is essentially driving the multiples up in the hope that earning upgrades will come through in due course of time.

On the technical charts, the RSI of the stock stood at 36.7.

Vodafone Idea shares surged 3.6% after the Supreme Court set a date for hearing its curative petition in the AGR case on August 30. Global brokerage firm Citi predicts potential benefits of Rs 4-5 per share. The hearing challenges the 2019 ruling on payments owed to the government.

The Nifty IT index has been a top performer, delivering nearly 4% returns over the past month. This recent rally was fueled by hopes of a Federal Reserve rate cut but began with broadly in-line April-June quarter earnings from IT companies. Tier 1 companies reported QoQ CC revenue growth ranging from -1.6% to 3.6%, with most surpassing estimates, according to Sharekhan.