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The National Housing Bank is conducting surprise inspections of mortgage financiers following fraud at Aviom Housing Finance. The focus is on ensuring proper fund allocation, accurate data reporting on bad loans, and validating investment portfolios. NHB has also tightened regulations on insurance policy sales bundled with housing loans.

The action was taken against Amtek Auto Limited, ARG Limited, ACIL limited, Metalyst Forging Limited, Castex Technologies Limited and Amtek Group promoter Arvind Dham, apart from some others, the federal probe agency said in a statement.

Singh said 23,700-23,800 remains a strong zone of resistance for the Nifty and sees the index trading in the range of 23,300-23,800 in the absence of any major trigger.

US buyout group TPG, through its Rise Climate fund, acquires a majority stake in Siemens Gamesa s onshore wind turbine manufacturing business in India and Sri Lanka. The investment aims to revitalise the business, targeting low-cost production and global supply chain integration, with a substantial capital infusion and strategic management team.

Sebi is probing potential insider trading by senior IndusInd Bank officials following their derivative losses disclosure. The inquiry focuses on five executives trades while holding sensitive information. IndusInd s late disclosure of a ₹1,500-crore loss significantly impacted its stock value. Regulatory actions and necessary compliance measures are under scrutiny.

Life Insurance Corp of India (LIC) is preparing to acquire a 40-49% stake in ManipalCigna Health Insurance, entering the standalone health insurance market. The deal, involving fresh capital infusion and some secondary share sales, is expected to disrupt the market significantly given LIC’s extensive distribution network and financial strength.

The floor price has been set at ₹1,625 per share, a 4.9% discount to Wednesday s closing price of ₹1,695 on NSE. The base offer comprises 10.6 million shares (6.8% stake) worth ₹1,717.4 crore, along with a greenshoe option of 5.3 million shares (3.4% stake) valued at ₹858.7 crore.

The brokerage has downgraded Zomato from Buy to Neutral , and cut its price target to ₹250 per share, and Swiggy to Underperform from Buy with price target slashed to ₹325.

Companies such as Tata Capital, LG Electronics India, HDB Financials, ICICI Prudential AMC, Lenskart, Manipal Hospital, PhonePe, among others, are planning IPOs of size of over $1 billion.

The deal, which is expected to close next quarter, marks a disappointing end to Dollar Tree s bid to establish itself as a discount giant, with a price tag that s a steep discount to the nearly $9 billion it paid for Family Dollar. Dollar Tree s store count will roughly halve following the transaction.