Current Affairs

  • AI scare trade sinks IBM 13% as disruption fears hit software and payments stocks AI scare trade sinks IBM 13% as disruption fears hit software and payments stocks - IBM tumbled 13%, its worst fall since 2000, while DoorDash, Visa, Mastercard and private equity firms also declined sharply. | Photo Credit: KYLIE COOPER The artificial intelligence “scare trade” erupted again on Monday as growing concerns about the disruptive power of AI dragged down shares of delivery, payments and software companies, and sent International Business […]
  • Clean Max IPO subscribed 33% so far on day 1, QIBs near full subscription Clean Max IPO subscribed 33% so far on day 1, QIBs near full subscription - The initial public offering of Clean Max Enviro Energy Solutions was subscribed 0.33 times, or 33 per cent, as of 2.57 pm on the first day of bidding on February 23, 2026, with institutional investors leading the demand while retail participation remained muted. The qualified institutional buyers (QIB) portion was subscribed 0.99 times, nearly fully […]
  • SEBI Board meet on March 23 likely to revisit conflict-of-interest rules SEBI Board meet on March 23 likely to revisit conflict-of-interest rules - FILE PHOTO: The logo of Securities and Exchange Board of India (SEBI) is seen on its headquarters in Mumbai, India, March 24, 2025. REUTERS/Hemanshi Kamani///File Photo | Photo Credit: HEMANSHI KAMANI The Securities and Exchange Board of India (SEBI) board meeting scheduled for March 23 is expected to discuss the conflict-of-interest framework for senior officials […]
  • From shop-floor hustle to Dalal Street debut, Rajkot-based Omnitech’s scrips precision growth story From shop-floor hustle to Dalal Street debut, Rajkot-based Omnitech’s scrips precision growth story - Mr. Uday Parekh, CMD, Omnitech Engineering Limited In the early 2000s, Udaykumar Parekh, then working in the applications department at Jyoti CNC Automation Ltd, took a leap of faith. Armed with technical know-how and just ₹1 lakh in equity, he set up a modest machine shop in Rajkot with a single machine. Two decades later, […]
  • Fitch to retain UPL rating post-reorganisation Fitch to retain UPL rating post-reorganisation - Fitch Ratings has maintained the credit rating of UPL Corporation at ‘BB/Stable’ after the proposed group reorganisation. It will not lead to any change in its creditworthiness or consolidated rating framework, it said. In its note on Friday, Fitch said that the new corporate structure preserves cash fungibility, majority control and common governance, along with […]
  • Investors returned to gold ETFs in 2nd week after booking profits in 1st week Investors returned to gold ETFs in 2nd week after booking profits in 1st week - Exchange traded fund concept. A bull and bear besides the golden text ETF. istock photo for BL | Photo Credit: aprott Inflows into physically-backed gold exchange-traded funds retumed in the second week of February, after investors booked profits in the first week. However, inflows were lower than outflows. According to data from the World Gold […]
  • Stock Market Live Feb 20: Sensex surges nearly 400 points to 82,887, Nifty 50 gains 140 points to 25,594 Stock Market Live Feb 20: Sensex surges nearly 400 points to 82,887, Nifty 50 gains 140 points to 25,594 - GHV Infra: Company wins ₹123 Crore Solar Project for 28.83 MWp Rooftop Plants. (Positive) NCC: AVSR Holdings bought 1.24 lakh shares. (Positive) Time Technoplast: Time Exports bought 1.55 lakh shares. (Positive) Apollo Pipes: S Gupta Holding bought 5.25 lakh shares. (Positive) Zydus Lifesciences: The US FDA completes an inspection of the company’s Ahmedabad unit with […]
  • Maize now accounts for close to half of ethanol produced in India Maize now accounts for close to half of ethanol produced in India - In recent years, maize has overtaken traditional sugarcane-based feedstocks to become the primary source of raw material for ethanol production process in India. The role of maize in India’s ethanol blending programme has strengthened considerably during the Ethanol Supply Year (ESY) 2024–25 (November-October), reflecting a clear shift in feedstock dynamics. Maize emerged as the dominant […]
  • SEBI imposes ₹1.35 crore penalty on Oriental Trimex, promoters and others for accounting irregularities SEBI imposes ₹1.35 crore penalty on Oriental Trimex, promoters and others for accounting irregularities - According to SEBI’s adjudication order, this action is the outcome of a multi-year investigation spanning FY17 through FY20. | Photo Credit: HEMANSHI KAMANI The Securities and Exchange Board of India (SEBI) on Wednesday levied aggregate monetary penalties of ₹1.35 crore on Oriental Trimex, its promoters, and other associated parties for alleged large-scale misstatement and manipulation […]
  • SBI Funds Management plans .5 billion IPO in March SBI Funds Management plans $1.5 billion IPO in March - SBI Funds Management Ltd. may file draft papers for an initial public offering next month, according to people familiar with the matter, in what could be the biggest listing by an asset management company in India. The nation’s biggest asset manager plans to submit its draft red herring prospectus for the IPO that could raise […]