Business

NSDL’s upcoming IPO has set its price band at Rs 760-800 per share, a 22% discount from unlisted market values. The Rs 4,011.6 crore issue, opening July 30, involves existing shareholders like IDBI Bank and NSE offloading stakes. Targeting a Rs 16,000 crore valuation, NSDL’s IPO draws comparisons to HDB Financial’s discounted pricing.

Wall Street saw slight gains Friday, with the S&P 500 and Nasdaq near record highs, as investors anticipated a busy week of earnings, data, and trade deadlines. Intel’s disappointing earnings contrasted with rallies from Deckers and Boston Beer. Markets are closely watching Trump’s trade negotiations and the upcoming Federal Reserve policy meeting for further direction.

Atal Pension Yojana (APY), a key social security initiative for unorganised sector workers, has exceeded 8 crore enrolments, according to the Finance Ministry. The PFRDA-administered scheme added 39 lakh new subscribers this fiscal year. Launched in 2015, APY provides a guaranteed monthly pension of ₹1,000 to ₹5,000 after age 60.

Cipla reported a 10% increase in consolidated profit after tax, reaching ₹1,298 crore for Q1 FY26, driven by strong sales in India, Europe, and Africa. Total income from operations rose to ₹6,957 crore. The company’s India market sales grew by 6% to ₹3,070 crore, while North America sales saw a 7% decline. Following the earnings…

The Ministry of Information and Broadcasting experienced a decline in DTH revenue in FY25, reflecting a shrinking pay TV user base, while private FM radio witnessed revenue growth. DTH revenue fell by 25% over two years, whereas FM radio revenue steadily increased. This shift indicates changing viewer preferences towards digital platforms, impacting the traditional DTH…

Bajaj Auto may halt electric scooter production in August due to China’s rare earth magnet curbs, impacting Chetak and GoGo models. The company faces a potential ‘zero month’ due to high volume requirements and limited alternatives.