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Home  Business

Business

Lumino Industries to launch Rs 700 cr IPO on Aug 27

Lumino Industries to launch Rs 700 cr IPO on Aug 27

  • Stock markets trade marginally higher amid elevated crude oil prices

    Indian benchmark indices Sensex and Nifty traded marginally higher in early deals amid elevated crude prices and weak US markets. Geopolitical tensions, renewed US-Iran concerns and foreign fund outflows kept investors cautious, while banking and metal stocks supported the domestic market
  • Rupee gains 9 paise to 95.65 against US dollar in early trade

    The rupee gained 9 paise to 95.65 against the US dollar in early trade on Friday, supported by a weaker American currency. However, elevated crude oil prices and geopolitical uncertainty continued to weigh on the domestic currency, forex traders said
  • Sensex, Nifty open higher as realty, metal stocks gain

    Indian equity benchmarks opened higher for a second straight session on Friday, led by realty, metal and pharmaceutical stocks. Sensex gained 163 points while Nifty rose over 52 points, although analysts cautioned that elevated crude prices could limit the recovery
  • Tata Motors to hike vehicle prices by up to Rs 25,000 from September 1

    Tata Motors Passenger Vehicles Ltd will increase prices of its vehicles by up to Rs 25,000 from September 1. The company said the hike across internal combustion engine and electric models is aimed at partly offsetting rising input costs and inflationary pressures
  • Rupee gains 3 paise to 95.70 against US dollar amid high crude prices

    The rupee gained 3 paise to settle at 95.70 against the US dollar on Thursday as support from a weaker dollar was offset by elevated crude oil prices. Brent crude rose 2.22 per cent to USD 93.65 per barrel
  • India’s passenger EV market grows 102 per cent in Q2

    India’s passenger EV market surged 102 per cent year-on-year in Q2 2026, far outpacing overall passenger vehicle growth of 26 per cent, a CMR report said. SUVs, connected vehicles, digital features and rising fuel costs drove the broader shift towards electrification
  • L&T-MHI consortium bags large order for driverless mass transit system at Dubai Airport

    Larsen & Toubro, in partnership with Japan’s Mitsubishi Heavy Industries, secured a large order to design and build a fully automated, driverless mass transit system at Dubai’s Al Maktoum International Airport. The project covers infrastructure, signalling, power systems and commissioning
  • LIC gets nod to raise HDFC Bank holding to 9.99 pc

    Shares of Life Insurance Corporation of India (LIC) rose 1% after the Reserve Bank of India (RBI) approved its proposal to raise stake in HDFC Bank up to 9.99%. LIC currently holds 4.11% of the bank’s share capital.
  •  Stock markets rebound in early trade: Sensex jumps over 500 points

    Indian equity benchmarks Sensex and Nifty rebounded in early trade, supported by easing US Treasury yields, gains in global markets and fresh foreign fund inflows. Despite geopolitical uncertainty in the Middle East, all Sensex stocks traded higher, led by technology and financial shares
  • Hyundai Motor India to hike vehicle prices by up to 1 pc from September

    Hyundai Motor India will raise vehicle prices by up to 1% across its portfolio from September 2026, citing rising input costs, higher operational expenses, and global uncertainties. The hike follows Maruti Suzuki’s recent price increase and comes amid Hyundai’s declining profitability in Q1 FY27.
  • India’s makhana market likely to reach nearly Rs 12,000 crore by 2029-30

    India’s makhana sector is projected to reach Rs 11,000–12,000 crore by 2029-30, driven by rising demand, higher prices, improved productivity and exports. Bihar remains the leading producer, while government initiatives including the National Makhana Board aim to boost research, farming, value addition and international marketing 
  • Zepto raises free-delivery threshold to Rs 199 during normal hours

    Zepto has raised its minimum order value for free delivery to Rs 199 during normal hours and up to Rs 299 during high-demand periods. The move comes as quick-commerce platforms seek better margins while balancing delivery costs and customer demand.
  • Gold’s 9 pc surge drives inflows into cash, debt securities: Report

    Gold prices surged over 9 per cent this month, outperforming broader equity markets, while investors shifted gains toward safer assets. Precious-metal inflows declined sharply, whereas money-market and fixed-income funds attracted substantial investments. Micro-cap stocks led equity gains, while large-cap funds saw increased inflows
  • Nearly 7 in 10 new EPFO subscribers are between 18–25 age group: Report

    Nearly 59 per cent of new EPFO subscribers in FY25 were aged 18–25, highlighting the growing participation of young workers in India’s formal economy. The report also noted rising apprenticeships, women’s workforce participation, tier-2 and tier-3 employment, and increasing educational qualifications
  • L&T Technology Services bags US$ 75-mn deal from global tech major

    L&T Technology Services has secured a five-year, over USD 75 million contract from an undisclosed global technology enterprise. LTTS will provide engineering intelligence, product development, software, testing, validation, platform operations and digital engineering services, while establishing a dedicated engineering centre
  • Markets open flat as crude nears 92 USD, bond yields rise

    Indian equity benchmarks opened nearly flat on Wednesday as Brent crude approached $92 a barrel and global bond yields climbed. While geopolitical tensions weighed on sentiment, strong domestic fundamentals, liquidity and growth prospects offered some support to Indian markets.
  • Rupee rises 1 paisa to 95.73 against US dollar as RBI intervention supports currency

    The rupee edged up 1 paisa to 95.73 against the US dollar on Wednesday, supported by suspected RBI intervention, FII inflows and a weaker dollar index. However, elevated crude prices and West Asia tensions continued to pressure the currency.
  • Meta shows greater sensitivity to CSAM after Centre’s intervention: Sources

    Government pressure has prompted Meta to take greater caution over child sexual abuse material, with the IT Ministry asserting that unlawful CSAM does not qualify for safe-harbour protection. The Centre is also examining WhatsApp usernames, algorithmic bias, AI labelling and content moderation
  • Tata Sons AGM adjourned as Tata Trusts fail to nominate representative

    The AGM was expected to discuss the directorship of Tata Sons chairman N Chandrasekaran, who has opted not to seek reappointment when his term ends in February
  • Maruti Suzuki’s ‘FRONX’ becomes fastest Indian SUV to hit 2 lakh exports

    Maruti Suzuki’s FRONX has crossed two lakh exports in under 38 months, becoming the fastest Indian SUV to reach the milestone. Manufactured in Gujarat, the SUV is exported to nearly 90 countries, reinforcing Maruti Suzuki’s leadership in India’s passenger vehicle export market
  • Vizhinjam all set for next big leap: CM Satheesan reviews port readiness before EXIM operations

    Kerala Chief Minister VD Satheesan reviewed operational preparedness at Vizhinjam International Seaport ahead of the launch of full-fledged land-based EXIM cargo operations. The milestone marks Vizhinjam’s transition from a transshipment port toward a broader international maritime hub and potential economic gateway
  • Razorpay introduces Vulcan to boost reliability of digital transactions

    Fintech major Razorpay has launched Razorpay Vulcan, India’s first transformer‑based AI payments foundation model built with NVIDIA and AWS. The model aims to reduce payment failures, enhance fraud detection, and improve transaction routing across India’s diverse digital ecosystem.
  • Stock markets decline in early trade as crude oil jumps to US$ 91 per barrel

    Indian benchmark indices Sensex and Nifty fell in early trade as elevated crude oil prices and escalating Iran-US tensions dampened investor sentiment. Rising US bond yields and foreign fund outflows added pressure, while gains in select stocks and resilient domestic earnings offered some support
  • Rupee falls 19 paise to 95.61 against US dollar

    The rupee fell 19 paise to close at 95.61 against the US dollar on Monday, pressured by weak domestic equities and rising crude prices. Traders expect a slight negative bias amid delayed US-Iran talks, broader dollar support and changing FCNR(B) deposit rules
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