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Industry Trends

STL Networks shares jump 5% after emerging as L1 bidder for RailTel contract worth Rs 250 crore

STL Networks shares rose 5% after emerging as the lowest bidder for a Rs 249.8 crore RailTel contract to deploy cloud infrastructure at data centre and disaster recovery sites. The company is also planning a wholly owned subsidiary focused on data centres and connectivity. Its stock has gained sharply in recent months.

Startup Funding

TDB backs 22 projects under Rs 1 lakh Cr RDI Fund, says industrialist Sudhir Mehta

The first cohort comprises 22 projects involving Rs 4,744 crore in R&D and Rs 2,192 crore in funding from the RDI Fund.

Industry Trends

Avalon Tech shares fall 6% after Rs 883 crore block deal; 3 promoter entities likely sellers

Avalon Technologies shares sharply on Wednesday after an Rs 883 crore block deal involving 6.06% of the company’s equity. Three promoter entities were reported to be the likely sellers. The transaction is estimated to be worth between Rs 861.9 crore and Rs 922 crore.

Salary / Compensation

KSB shares rally 7% after securing Rs 118 crore export order for boiler feed pumps

KSB shares gained 7% after the company secured a $12.4-million export order from Dangote Projects Free Zone Enterprise for 18 boiler feed pump packages.

Industry Trends

Satish Acharya’s Instagram withheld under Section 79, a route already before the Supreme Court

Instagram has withheld editorial cartoonist Satish Acharya’s account in India under a notice citing Section 79(3)(b) of the IT Act. The move comes as the Supreme Court examines the legality of this takedown route. The post Satish Acharya’s Instagram withheld under Section 79, a route already before the Supreme Court appeared first on MEDIANAMA .

Startup Funding

Global Market: Chinese stocks struggle near one-year lows as policy support disappoints

Chinese blue-chip stocks stayed near one-year lows despite Beijing’s latest credit, mortgage and investment support measures. The CSI 300 was headed for its steepest quarterly decline since 2022, while property and technology shares remained under pressure. Weak domestic demand, subdued trading ahead of the holiday and limited investor confidence continued to weigh on markets.

Startup Funding

Inox Clean Energy files DRHP for ₹10,000-crore IPO

The renewable energy company plans to raise up to ₹8,000 crore through a fresh issue of shares, while promoter Devansh Jain will offer shares worth up to ₹2,000 crore through an offer-for-sale (OFS), according to a BSE filing.

Startup Funding

Molbio Diagnostics shares rally 9% as Jefferies initiates 'high conviction top pick' call for recently listed stock. Why is it bullish?

Molbio Diagnostics shares jumped after Jefferies initiated coverage with a Buy rating and named it a high-conviction top pick. The brokerage set a Rs 1,600 target price, implying 27% upside from Tuesday’s close and nearly 98% above its Rs 807 IPO price. The stock had listed at a 21% premium at Rs 980.

Startup Funding

Exclusive: Blitz kicks off pre-Series B round at 2.5X valuation premium

Blitz, a quick-commerce fulfilment startup, has raised Rs 28.70 crore in a pre-Series B funding round led by existing investor IvyCap Ventures. The company’s board approved the allotment of 21,883 compulsorily convertible preference shares (CCPS) at an issue price of Rs 13,118 per share to raise the aforesaid amount, according to its regulatory filings accessed by Entrackr . IvyCap Ventures led the round with an investment of Rs 12.70 crore, followed by ICMG Group invested Rs 4.75 crore, while Vishal Dhupar put in Rs 2.50 crore. Several other angel investors also participated in the round, collectively contributing the remaining amount. According to the Entrackr’s estimate, the company’s post-money valuation jumped around 2.5X to Rs 440 crore compared to Rs 175 crore in its Series A round. The company may raise additional capital in this round, which would increase its post-money valuation accordingly. As per the filing with the Ministry of Corporate Affairs, the company plans to us...

Salary / Compensation

Apple Pay launches in India with Axis Bank cards; Razorpay, Cashfree and others enable merchant support

Apple has launched its Apple Pay payment service in India, with Axis Bank as its first banking partner. At launch, the service supports Visa and Mastercard credit cards issued by Axis Bank. The rollout allows iPhone, iPad and Apple Watch users to make payments at contactless enabled stores, in apps and online. Mac support is expected soon. The service is being enabled across merchant networks through payment infrastructure players including Juspay and Cashfree, along with Mswipe, Paytm, PayU, Pine Labs, Razorpay and Worldline. Juspay said merchants on its network can add Apple Pay to their existing online payment flows without building a separate integration. Cashfree has also enabled Apple Pay for its Indian business customers as part of the rollout. Apple said it has worked with Cashfree and other payment service providers to bring Apple Pay to their merchant networks in India. For in store payments, users can double click the side button on their iPhone, authenticate through Face...

Industry Trends

Why uniQure shares are sinking after AMT-130 update

uniQure shares plunged after four-year data for Huntington’s gene therapy AMT-130 showed weaker disease-progression slowing than earlier results. While 48-month TFC data remained encouraging, the cUHDRS effect was not statistically significant. Investors are now focused on FDA review and whether the therapy’s earlier benefits can demonstrate durability over time.

Industry Trends

Ingram Micro opens new office in Bengaluru

The new facility is expected to enable Ingram Micro to expand its teams, deepen its operational capabilities, and enhance support for its partners and customers in the region

Startup Funding

How Tata Trusts picked two firms to merge with Tata Sons

Both companies are wholly owned within the Tata Sons structure, meaning the proposed mergers would not bring in additional shareholders.

Startup Funding

Inox Clean Energy IPO: INOXGFL Group Firm Files DRHP To Raise Up To Rs 10,000 Crore

Inox Clean Energy IPO: The proposed IPO will comprise a fresh issue of equity shares worth up to Rs 8,000 crore and an offer-for-sale (OFS) of shares worth up to Rs 2,000 crore.

Startup Funding

Moneyview IPO: Ribbit Capital Bags 11.85X Return, Tiger Global Scores 3.42X

Moneyview’s IPO unlocked sizable gains for early investors, with Ribbit Capital fetching 11.85X its acquisition cost and Tiger Global realising…

Startup Funding

Inox Clean Energy files DRHP for Rs 10,000 crore IPO. Check details

Inox Clean Energy has filed its DRHP for a Rs 10,000 crore IPO with Sebi. The issue includes a Rs 8,000 crore fresh share sale and Rs 2,000 crore OFS. The company has a 9.29 GW renewable power portfolio and 6 GW solar module manufacturing capacity across India and the US.

Hiring News

Venu Srinivasan challenges Noel Tata’s chairmanship of Tata Trusts, seeks scrutiny of perpetual trustee status

Tata boardroom tussle: Venu Srinivasan is learnt to have questioned the appointment and continued status of Noel Tata as a perpetual trustee.

Salary / Compensation

11:11 | BSE hits Nifty 50, Trump renames AI as Super Intelligence, CAFE-3 norms notified and more

Hello and Welcome to CNBC-TV18's Morning Newsletter In today's edition, we take a look at BSE Ltd, which is now on the Nifty 50, replacing Wipro, Trump signs accord with tech CEOs, renaming AI as Super Intelligence, CAFE-3 norms notified, West Asia crude oil flows hit 98% of pre-war level, Apple Pay in India, also, PB Fintech gets another sharp target cut and more only with CNBC-TV18.

Industry Trends

Cupid, Sterlite Tech among 10 smallcap stocks set for sharp fund flows after Nifty rejig. See full list

Here are 10 small-cap stocks that could see the sharpest inflows and outflows.

Industry Trends

GA-Renova Hospitals may lead race to buy American Oncology Institute

A consortium of General Atlantic and Renova Hospitals is nearing a deal to acquire Siemens Healthineers’ Indian cancer-care network, potentially valuing American Oncology Institute at ₹1,200-1,500 crore.

Industry Trends

When change never ends, adaptability alone is not enough

Change management was built around a reassuring assumption: change would eventually end. There was a beginning, a period of disruption and, finally, a new normal. Rajita Singh, chief people officer – India & global delivery HR leader, Kyndryl believes that assumption no longer holds. “Change is not an event. It’s become the environment,” says Singh, [...] The post When change never ends, adaptability alone is not enough appeared first on HR Katha .

Industry Trends

Parag Thakkar Bets On HDFC Bank At Rs 925, Sees Nearly 30% Upside

Parag Thakkar On HDFC Bank

Industry Trends

Molbio Diagnostics Stock Soars 9% As It Becomes Jefferies Top Med Tech Pick At Initiation

Shares soared to a high of Rs 1,369.20, but pared most of their gains to trade 4% higher at Rs 1,305 apiece on the NSE.

Startup Funding

Linux Laboratories raises $70M from ChrysCapital and Tata Capital Healthcare Fund

Linux Laboratories will use the funding to support growth initiatives, including deepening its presence in core specialties, entering new therapeutic areas, and expanding its manufacturing facilities.