a day ago
Stocks in news: DMart, Nykaa, PNB, Aurobindo Pharma, Voltas
Markets experienced volatility, closing marginally lower amidst ongoing consolidation. Nykaa's early investor plans a substantial stake sale, while SpiceJet addressed concerns about a dislodged window frame, assuring passenger safety. Indian Overseas Bank secured shareholder approval to raise equity, and companies like Indian Bank and PNB reported robust operational growth during the first quarter of FY26.
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Markets traded volatile and ended marginally lower, continuing the prevailing consolidation phase. In today's trade, shares of DMart Voltas among others will be in focus due to various news developments. FSN E-Commerce Ventures , the parent company of beauty and fashion e-retailer Nykaa, is set to witness a secondary stake sale as its early investor Harindarpal Singh Banga, jointly with Indra Banga, gears up to offload shares worth up to Rs 1,200 crore through a block confirmed that a cosmetic window frame on one of its Bombardier Q400 aircraft became loose during a flight and was found dislodged, but assured that the incident posed no safety risk to passengers or the structural integrity of the Overseas Bank (IOB) said its shareholders have approved a proposal to raise up to Rs 4,000 crore in equity capital through various instruments, including QIPs, rights issues, and employee share & Mahindra Financial Services (M&M Financial) on Wednesday reported a marginal 1% year-on-year increase in overall disbursements for the first quarter of FY26 at ₹12,800 crore Indian Bank reported a strong operational performance in the first quarter of FY26, with total business rising 10.2% year-on-year to Rs 13.44 lakh crore, up from Rs 12.2 lakh crore in the same quarter last appointed Chandan Kumar Verma as Chief Financial Officer with effect from July 2. Currently, Chandan Kumar Verma is executive director – finance at the companyNestle India adds a new Maggi Noodles production line has been added at Sanand Factory, Gujarat with an investment of Rs 105 reported a steady operational performance in the June quarter of FY26, with global business rising 11.6% year-on-year to Rs 27.19 lakh crore Avenue Supermarts , which operates the retail chain DMart, posted a 16% year-on-year rise in standalone revenue for the first quarter of FY26. The company reported revenue of Rs 15,932.12 crore in Q1FY26Coromandel International received CCI nod for acquisition of 10.69 crore shares (53.13% stake) of NACL Pharma arm received marketing authorization from the European commission for DazublysVoltas received show cause notice and demand order of ₹265.25 crore for short payment of GST For FY19 To FY21