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28 Nov

‘Buy Lenskart’: Jefferies projects 23% upside on eyewear maker a day before Q2 results

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Jefferies has begun coverage of newly listed eyewear maker Lenskart Solutions Ltd., assigning a “buy” rating on November 28. The brokerage set a price target of ₹500, signalling a potential 23% upside from Thursday’s close. According to Jefferies, Lenskart holds only a 5% share of India’s eyewear market yet remains the country’s largest tech-enabled retailer in the segment, giving it considerable scope for expansion. Its integrated omni-channel model enables lower costs, faster delivery and a smoother customer journey. While India accounts for more than 85% of EBITDA, Jefferies noted that global expansion provides meaningful strategic opportunities. India’s eyewear industry, valued…

26 Nov

Excelsoft Technologies IPO listing date today!

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Excelsoft Technologies is set to debut on the Indian stock exchanges today, 26 November 2025, after witnessing strong investor interest during its IPO. The issue was open for bidding from 19 to 21 November, with allotments finalized on 24 November. The company’s shares will list on both the BSE and NSE and have been placed in the ‘B’ Group category. According to a BSE notice, the stock will participate in the Special Pre-open Session, and regular trading begins at 10:00 am. Despite the robust subscription, grey market signals point to a subdued debut. Current GMP data shows a premium of…

18 Nov

Unity Trail Cyclothon Draws 650+ Participants Near Statue of Unity

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A national cycling festival, The Unity Trail – Cycle on Sunday, kicked off this weekend at Ekta Nagar in Gujarat’s Narmada district, attracting over 650 riders from different parts of India. The two-day event, organised by the Cycling Federation of India in association with the state departments of Sports, Youth Services, Culture and Tourism, aims to encourage fitness, environmentally friendly transport and outdoor recreation. Minister of State Dr. Jairam Gamit inaugurated the event and launched the five-kilometre opening ride. Participants ranged from seasoned athletes to hobby cyclists, student groups and enthusiasts who travelled from multiple states. Tourists and local residents…

17 Nov

Emmvee Photovoltaic IPO listing tomorrow!

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Emmvee Photovoltaic’s IPO, which opened on November 11 and closed on November 13, is set to list on the stock market on Tuesday, November 18. The company’s shares will debut on both the BSE and NSE. Grey market trends suggest a flat listing, with the Emmvee Photovoltaic IPO GMP currently at ₹0, according to Investorgain. This indicates the expected listing price is likely to match the issue price of ₹217 per share. So far, the GMP has ranged between ₹0 and ₹20. The IPO allotment was finalized on November 14. Overall demand remained modest, with the issue subscribed 97% against…

15 Nov

Navi Mumbai Airport To Begin Commercial Flights

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Mumbai’s second airport, the Navi Mumbai International Airport (NMIA), inaugurated earlier by Prime Minister Narendra Modi, is gearing up for commercial operations. Akasa Air has become one of the first carriers to announce flights from the new airport, with its inaugural service scheduled for December 25, 2025. In a post on X, Akasa Air said its first flight from Delhi will land at NMIA on Christmas Day, marking a significant milestone for the airline. It will initially offer services from Navi Mumbai to Ahmedabad, Delhi, Goa, and Kochi. The airline stated that flights to Goa will also begin on December…

12 Nov

Tata Power planning 10 GW solar wafer and ingot capacity

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Tata Power plans to establish a 10GW wafer and ingot manufacturing facility, marking its entry into this segment, CEO and MD Praveer Sinha announced on Tuesday. The company currently operates an integrated solar module and cell manufacturing capacity of 4.9GW. Ingots and wafers serve as the essential base materials for producing solar cells. Sinha said Tata Power is finalizing the plant’s location and technology. In Q2 FY26, the company’s solar operations produced 928MW of cells and 970MW of modules. The initiative aligns with the government’s efforts to localize the solar module supply chain and reduce reliance on imports. With this…

10 Nov

Small-cap stock under ₹100 may soon declare ₹250 crore fundraise

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MIC Electronics shares traded almost flat on Monday after the company announced the date for its Extra-Ordinary General Meeting (EGM) to discuss fundraising plans. The smallcap stock slipped nearly 1% to ₹50.86 on the BSE. The industrial products manufacturer informed exchanges that its EGM will be held on Monday, December 1, 2025, at its Hyderabad office. During the meeting, shareholders will vote on two major fundraising proposals. The first involves raising up to ₹250 crore through a Qualified Institutions Placement (QIP) to Qualified Institutional Buyers, possibly in multiple tranches. The funds are intended for acquisitions, debt repayment, working capital, investments…

08 Nov

Pfizer acquires Metsera in $10 billion deal

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Pfizer Inc. has reached an agreement to acquire weight-loss drug startup Metsera Inc. in a deal valued at around $10 billion, following a competitive bidding battle with Novo Nordisk A/S, according to Bloomberg. Although the transaction has not yet been officially completed, the announcement positions Pfizer as the likely winner in securing the startup. Under the proposed terms, Pfizer will pay up to $86.25 per Metsera share, including an upfront cash payment of $65.60 per share and additional milestone-based payments of up to $20.65. Metsera’s board described the Pfizer offer as the most favorable deal for shareholders, noting it was…

04 Nov

India’s Exports To US Dip 37.5% During May-Sept

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India’s exports to the United States fell sharply by 37.5 percent between May and September 2025, dropping from $8.8 billion to $5.5 billion, according to think tank Global Trade Research Initiative (GTRI). The decline was broad-based, affecting key sectors such as pharmaceuticals, smartphones, metals, and automobiles. Pharmaceutical exports slipped 15.7 percent from $745.6 million in May to $628.3 million in September, while shipments of industrial metals and auto parts declined 16.7 percent to $0.5 billion. Aluminium exports were down 37 percent, copper 25 percent, auto parts 12 percent, and iron and steel 8 percent. GTRI co-founder Ajay Srivastava noted that…

16 Oct

Indian stock market: key things that changed for market overnight

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Indian stock market indices Sensex and Nifty 50 are likely to open higher on Thursday, tracking positive global cues. Asian markets advanced, while US indices closed mostly in the green following strong earnings from major banks. On Wednesday, domestic markets extended gains, with Sensex rising 575.45 points (0.70%) to 82,605.43 and Nifty climbing 178.05 points (0.71%) to 25,323.55. Ajit Mishra of Religare Broking maintained a bullish outlook, suggesting a “buy on dips” strategy above the 25,000 mark, with sectoral strength seen in banking, metals, and autos, while FMCG and pharma may lag. Across Asia, Japan’s Nikkei 225 gained 0.95%, Topix…