News Overview

Fairfax Financial Holdings, led by billionaire Prem Watsa, has reportedly emerged as the leading bidder to acquire a controlling stake in IDBI Bank. If completed, the $5.5-$5.7 billion transaction would rank among India's largest bank privatisation deals and biggest foreign investments in the banking sector.

Patanjali Foods shares extended losses for a third consecutive session, falling as much as 17% amid heavy trading volumes and fresh short build-up. The company has clarified that there are no undisclosed material events or price-sensitive information behind the sharp decline.

Union Bank of India posted a robust set of Q1 FY27 earnings, with standalone net profit rising to ₹5,332 crore and asset quality improving significantly. The PSU bank's shares traded over 1% higher after the earnings announcement.

Tata Elxsi shares declined sharply after the company reported disappointing Q1 FY27 results. While revenue grew modestly on a sequential basis, net profit, EBIT and operating margins fell short of analyst expectations, dragging the stock lower.

Groww shares rallied more than 7% in intraday trade after the company posted better-than-expected Q1 FY27 earnings. EBITDA and net profit surpassed Street estimates, while EBITDA margins improved significantly, driving buying interest in the stock.

The Alpine Texworld IPO witnessed moderate investor participation on Day 2, with the issue subscribed 0.48 times overall. Meanwhile, the Grey Market Premium (GMP) improved to ₹10, suggesting a potential listing gain of nearly 10% over the upper price band.

The SBI Funds Management IPO witnessed steady investor participation on Day 2, with the issue subscribed 1.25 times overall. Meanwhile, the Grey Market Premium (GMP) stands at ₹93, indicating an estimated listing gain of over 16% based on the upper price band

Kusumgar Ltd rewarded investors with a strong listing on the NSE, debuting at a 35.8% premium over its IPO price. Backed by a massive 128-times subscription, the stock extended gains during the day, rising nearly 47% above its issue price.

Tata Consultancy Services (TCS) has been selected as the strategic technology partner for New Terminal One at JFK Airport. The AI-powered project will transform passenger experience, airport operations, and digital infrastructure while keeping TCS Share Price and TCS Stock in investor focus.

Alpine Texworld IPO has opened for subscription with a price band of ₹100–₹105 per share. Here's everything you need to know, including GMP, financial performance, IPO dates, lot size, issue objectives, and investment highlights.