Mumbai Redevelopment Projects Get Extensions After Delays

Three Mumbai redevelopment projects stalled for nearly two decades amid Maharashtra Sadan case scrutiny have received retrospective deadline extensions from the state government. The extensions were formalized just days before Chhagan Bhujbal's acquittal.

BHEL OFS Oversubscribed 2x, Institutional Bids Rs 5,650 Crore

The government's stake sale in Bharat Heavy Electricals Ltd (BHEL) saw strong demand on Wednesday, with institutional investors oversubscribing the base issue by two times. Bids worth over Rs 5,650 crore were placed for more than 22 crore shares.

Kernex Wins ₹411 Crore KAVACH Order, Investor Focus Expected

Kernex Microsystems, a safety systems manufacturer for Indian Railways, has secured a ₹411.17 crore order from Banaras Locomotive Works for KAVACH equipment. This follows a recent ₹2,466 crore order, boosting revenue outlook ahead of quarterly results.

Telco Growth Hits 6-Quarter Low Without Tariff Hike

India's telecom sector revenue growth eased to 2% QoQ in Q3 FY26 as benefits from previous hikes wane. Operators are divided on further price increases, with Jio focusing on organic ARPU growth while Airtel and Vi push for tariff repair.

Five CDMO Stocks to Watch in India's Pharma Boom

Explore five leading CDMO stocks in India, including Syngene International and Divi's Labs, as the sector benefits from cost-efficiency and global supply chain shifts. Learn about their financials and growth prospects.

SBI Overtakes TCS in Market Value Rankings

State Bank of India (SBI) has overtaken Tata Consultancy Services (TCS) to become India's fourth most valuable listed firm, with its stock hitting a 52-week high during intraday trade.

India's Car Market Stable in Jan 2026, Maruti Leads

India's passenger vehicle market began 2026 on a stable note in January, with Maruti Suzuki and Hyundai leading sales. Key manufacturers posted healthy dispatch numbers, showing steady demand across segments despite rising competition.

Aye Finance IPO Subscribed 1.04x, QIBs Lead Bidding

The Aye Finance IPO, valued at ₹1,010 crore, achieved a 1.04 times overall subscription on its final day. The Qualified Institutional Buyers portion was oversubscribed 1.62 times, while retail interest remained muted at 0.81 times.

Fractal Analytics IPO Fully Subscribed on Final Day

Fractal Analytics' ₹2,834-crore IPO sailed through on the final day, achieving 2.66 times subscription. Qualified institutional buyers led the demand with 4.18 times bids, while retail and non-institutional segments scraped through.

Bengaluru Auto Driver's Kind Gesture Wins Hearts Online

A Rapido auto driver in Bengaluru offered free water, sanitiser, and essentials for pregnant women, quietly restoring faith in humanity. Software engineer Udya Patel shared the story on LinkedIn, sparking widespread praise and a response from Rapido.

Gold Sees Correction, But Bullish Fundamentals Stay Strong

Gold rates have corrected sharply due to profit booking, with MCX gold down 18% from peaks. Experts say long-term drivers like central bank buying and geopolitical risks support prices, though a 10% technical correction is possible near-term.

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