Companies

NSE CEO Chauhan denies Tata Sons chairman bid

The National Stock Exchange has denied reports that its CEO, Ashishkumar Chauhan, is a candidate for the Tata Sons chairman position. Chauhan reaffirms his focus on NSE's operations, particularly its IPO process.

JSW Steel's August Output Rises 3% to 24.65 Lakh Tonnes

JSW Steel reported a 3% year-on-year increase in crude steel production for August 2026, reaching 24.65 lakh tonnes. The company also announced that its Q1 net profit doubled to ₹4,696 crore, indicating strong financial performance alongside production growth.

Tata Motors launches €3.82bn tender for Iveco shares

Tata Motors' commercial vehicle arm has formally launched a tender offer to acquire all shares of Italy's Iveco Group, valuing the company at €3.82 billion. The shareholder tender opens on September 7, 2026, and is a key step in the planned takeover. The offer period and regulatory conditions will determine the deal's completion.

Former Tata Tech CEO McGoldrick sells Rs 165 crore stake

Former Tata Technologies CEO Warren McGoldrick has sold shares worth Rs 165 crore, according to multiple reports published on September 5, 2026. The transaction represents a significant divestment by the former executive, though details on the buyer and remaining stake have not been disclosed. The story is being covered by several outlets, indicating market interest in insider selling at the company.

UltraTech's ₹1,800 Crore Wire Entry Slashes Polycab, KEI Shares

UltraTech Cement's launch of its 'Ultravolt' C&W business, backed by an ₹1,800 crore investment, has sparked a 2% rise in UltraTech shares and prompted a sharp sell-off in Polycab and KEI Industries. Analysts are divided, with JPMorgan seeing opportunities at lower valuations.

Kenya President Orders Tata Chemicals Magadi to Cease Operations

Tata Chemicals' shares fell up to 3% after Kenya’s president ordered the company to cease operations at its Magadi soda ash plant due to environmental concerns.

Six IPOs to raise over ₹7,000 crore in single-day launch

A record six initial public offerings are set to raise over ₹7,000 crore collectively on September 9.

Lumino Industries lists 34% higher at ₹110; Deepa Jewellers IPO bids on day 3

Lumino Industries made a strong market debut, listing at ₹110 per share, a 34% premium over its IPO price, with multiple media outlets confirming the positive opening. Meanwhile, Deepa Jewellers' IPO is in its third day of bidding, with investor response still being tracked. The two separate IPO events are drawing attention in the primary market.

Hexaware CEO Srikrishna Resigns; Shares Tumble 4.5%

Hexaware Technologies shares fell as much as 4.5% after CEO Srikrishna resigned, with the stock closing down around 4% on September 3, 2026. The sudden leadership change has raised questions about strategic direction and succession planning, though the company has not yet named a permanent replacement. Analysts are weighing the impact on client confidence and near-term growth prospects.

Aditya Birla Group invests ₹1,800 crore in Ultravolt wires entry

Aditya Birla Group has entered the wires and cables market with a ₹1,800 crore investment in its new venture, Ultravolt, under UltraTech Cement. The launch positions Ultravolt to compete in a growing sector, with analysts drawing parallels to the group's Birla Opus paints playbook. Brokerages have issued a 'Buy' call on UltraTech Cement, reflecting optimism about the strategic diversification.

Coal India rallies 4% on Mahanadi Coalfields IPO buzz

Coal India shares surged up to 4% on strong August e-auction premiums and a 5.5% rise in coal supplies, with trading volumes spiking on speculation of a potential IPO for its subsidiary Mahanadi Coalfields. The stock's rally is driven by robust demand and investor optimism over the subsidiary's listing, which could unlock value. Analysts are mixed on whether to buy, citing valuation concerns despite the positive operational momentum.

Zerodha secures Sebi merchant banking licence approval

Zerodha has received Sebi's approval for a merchant banking license, marking its entry into investment banking with plans to start operations within the next few months, initially focusing on equity capital markets.

Annu Projects Shares Plunge 27% on NSE Market Debut

Annu Projects traded at a 24-27% discount to its issue price on its NSE debut, hitting the upper circuit briefly before continuing to decline.

ITC Infotech buys 22.1% stake in Happiest Minds; shares jump 4%

ITC Infotech, a subsidiary of ITC Ltd., acquired a 22.1% stake in Happiest Minds Technologies, leading to a 4% rally in ITC shares and an 8% drop in Happiest Minds shares.

GRT Jewellers to buy 74.12% TBZ stake; shares hit 20% upper circuit

GRT Jewellers has agreed to acquire a 74.12% stake in TBZ, triggering a mandatory open offer at a steep discount. TBZ shares rose 19.99% to Rs 366.80 on the NSE.

Milky Mist Dairy Q1 profit jumps 890% to Rs 64.68 crore, stock zooms 9.5%

Milky Mist Dairy Food reported a consolidated net profit of Rs 64.68 crore for Q1 June 2026, up 890.51% year-on-year, boosting shares by 9.5%.