Avaada Group has secured a significant milestone in its growth journey by closing a massive $950 million debt financing deal for three large utility-scale renewable energy projects in India. The projects are expected to contribute significantly to India’s energy security objectives and decarbonisation targets.
JM Financial’s Q4 net profit declines 31% to Rs 162 crore, shares plummet 8%. The company’s inability to maintain profit margins and revenue growth raises concerns for investors and market analysts.
PB Fintech’s founders, Dahiya and Bansal, have sold a significant stake worth Rs 665 crore, with shares trading steadily despite a recent decline. The company’s market capitalisation stands at over Rs 79,398 crore, with a P/E ratio of over 117x.
Automobile and textile stocks are expected to drive the market as key companies announce their May sales figures, with analysts predicting robust sales due to the government’s relief measures for the textile industry. Major companies such as Tata Motors, Maruti Suzuki, and Reliance Industries are expected to be impacted by the export levy cut on petrol, diesel, and ATF.
Reliance Industries Ltd. (RIL) has reportedly reduced new hirings by 90,000 in FY26, signaling a worrying trend in the industry. The decline is attributed to a new career option in the Reliance Jio home business and AI adoption.
The National Company Law Appellate Tribunal (NCLAT) has given Supreme Housing its final chance to settle its outstanding dues of ₹567 crore with Canara Bank. The company must deposit ₹460 crore by June 13, 2026, or face insolvency proceedings.
The National Company Law Appellate Tribunal (NCLAT) has given Supreme Housing a final chance to settle its debt of ₹567 crore with Canara Bank. The company must deposit ₹460 crore in a no-lien account with the bank by June 13, 2026, to avoid the insolvency process being initiated.
Former ED Special Director Satyabrata Kumar has opted for voluntary retirement, raising concerns about the impact on ongoing investigations and the ED’s ability to tackle high-profile cases like Nirav Modi and Vijay Mallya.
India’s primary market is expected to see a selective revival in June after a two-month lull, with several companies lining up public issues despite geopolitical uncertainty and volatility. Market participants say a stabilisation in sentiment could unlock a stronger IPO calendar in the second half of FY27.
India’s IPO market is expected to see a selective revival in June, with a handful of companies lining up public issues despite geopolitical uncertainty and market volatility. Companies with strong fundamentals and reasonable pricing may proceed with their IPOs, stabilising sentiment could unlock a stronger IPO calendar in the second half of FY27.
