Ambuja Cements, part of the Adani Group, has submitted a bid of Rs 580 crore for Jaypee Cement. The offer comes during the company's insolvency resolution process but falls short of its liquidation value.
Ambuja Cements has emerged as the only bidder in the process for Jaypee Cement Corporation. The company placed its offer at Rs 580 crore as part of efforts to acquire the asset from lenders.
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Brothers Ángel and Javier Escribano sold their 14.3% stake in Indra through an accelerated placement, valued at over 1.3 billion euros. The deal, announced on May 5, 2026, ends three years of shareholding after a conflict with the Spanish Government. Javier Escribano resigned as company director.
Adani Cement is shifting focus to optimizing its existing production facilities rather than pursuing aggressive expansion. The company plans to increase utilization of current capacities and may adjust capital expenditure. CEO signals potential deferral of ambitious FY28 targets to FY30.
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Reliance Jio Infocomm is preparing to submit draft papers for its anticipated 4 billion dollar IPO in India within days. The filing is expected just before Mukesh Ambani's annual address to Reliance Industries shareholders on Friday.
Promoters and large shareholders sold shares worth more than ₹24,000 crore in May and June. The activity reflects strong demand from domestic institutional investors. It follows a quieter period earlier in the year.
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The Supreme Court on Monday directed the National Company Law Appellate Tribunal (NCLAT) to decide whether a court-appointed committee should oversee all 30 Supertech Limited projects or just the 16 handed to NBCC. The order follows the suspension of interim resolution professional (IRP) Hitesh Goel. The court referred the matter to NCLAT after hearing stakeholders.
Nine BSE smallcap companies delivered standout performances in the March 2026 quarter, with net profits surging over 50% year-on-year and share prices rising 50% to 170% in the past year. Four of these stocks became multibaggers, more than doubling investor returns. Data from ACE Equity highlights the momentum amid mixed results from 168 reporting firms.
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Reliance Industries has become the first Indian company to surpass $10 billion in annual profit, reporting a record net profit of Rs 95,610 crore for FY26. The conglomerate's consumer businesses, including Jio and Reliance Retail, drove robust growth despite a quarterly dip in its oil-to-chemicals segment. Reliance Retail has now crossed 20,000 stores.