Share Market News

FIH Mauritius Investments, a wholly-owned subsidiary of Fairfax India, has launched an open offer to acquire up to 26% of IIFL Capital Services at ₹350 per share, taking the total outlay of the Fairfax group in IIFL Capital to as much as ₹5,505 crore. Read ahead to know more.

Adani Group’s $100 billion AI and green data centre expansion lifted its energy stocks sharply as investors bet on rising power demand. Read more about India’s emerging AI infrastructure story.

Meesho reported 43% growth in orders and revealed that 70% of its code is AI-generated, highlighting its aggressive AI strategy. Read more about its FY26 expansion plans.

The Reserve Bank of India approved HDFC Bank group entities to collectively hold up to 9.95% in ICICI Bank and Kotak Mahindra Bank, valid until 5 May 2027, after combined holdings neared the 5% threshold.

Indian markets may open higher on positive GIFT Nifty cues. Stocks including Meesho, L&T, Paytm, Bajaj Auto, Indian Bank, and Godrej Consumer gained attention after earnings, fundraising plans, and major order wins.

KPIT Technologies reported a 33% year-on-year fall in Q4 FY26 profit to ₹163 Cr despite double-digit revenue growth. Rising operating costs, weak investor sentiment and continued pressure on the global mobility sector kept the stock under pressure, with shares falling more than 4% on 7 May.

HFCL shares have jumped 37% in just five sessions. Strong Q4 earnings, fresh telecom orders and 5G optimism are driving investor interest in the stock.

Securities and Exchange Board of India defined significant indices as those with over ₹20,000 crore in tracking assets under management, requiring providers of such indices to register within six months.

Sensex jumped 941 points to close at 77,958, while the Nifty gained 298 points to end at 24,330 after reports of progress in US–Iran talks improved sentiment. GIFT Nifty near 24,491 points to a flat-to-steady start.

The Indian stock market indices traded flat after market opening on Thursday morning. With most global markets giving positive cues, the Indian indices too are expected to become green as the day progresses.

MRF Ltd reported a 37% rise in Q4 standalone net profit to ₹680 crore, driven by higher revenue growth. The company also announced a final dividend of ₹229 per share for FY26.

At least 10 companies are reportedly considering cutting the size of their planned IPOs to ensure successful listings, taking advantage of a recent SEBI window that allows issuers to trim issue sizes by up to 50% without refiling papers. Read ahead to know more.