5h ago
Augmont Enterprises files for ₹465.00 Crore IPO; price band pending, offer opens 21Aug2026
Augmont Enterprises has set out plans for an IPO that will raise ₹465.00 Crore through a fresh issue. As of FY2026, it had over 49.62 million registered consumers and processed 54,934,891 transactions, while revenue and net profit rose at a CAGR of 64.23% and 114.12% over the past two years. The company’s revenue is heavily concentrated in two online platforms and its top 10 customers, alongside risks tied to customer concentration and potential IT disruptions.
5h ago
16h ago
HDFC Bank securities class action sets lead plaintiff deadline for Oct. 13, 2026
HDFC Bank faces a class action that alleges it offered the Maharashtra State Road Development Corporation around Rs 45 crore in deposits at an interest rate 2.51 percentage points above market to attract large inflows. After the allegations were reported on May 27, 2026, the bank’s shares fell $1.02, or 4.1%, to close at $23.78 on heavy volume, according to The Indian Express. The deadline to seek appointment as lead plaintiff has been set for October 13, 2026.
16h ago
18h ago
Fusion Finance swings to ₹62.41 crore Q1FY27 profit and rolls out Individual Loans
Fusion Finance reported a net profit of ₹62.41 crore in Q1FY27, reversing a ₹92.25 crore loss a year earlier, as impairment on financial instruments narrowed to ₹39.68 crore. Revenue from operations came in at ₹458.17 crore, up 3.6% year-on-year. The company said its capital to risk-weighted asset ratio was 36.95% and its liquidity coverage ratio stood at 186.65%. During the quarter, it assigned ₹238.90 crore of loans not in default while retaining a 10% beneficial economic interest, and it did not transfer any non-performing assets.
18h ago
1d ago
Kernex Microsystems targets November 2026 completion of 3,024-unit CLW order
Kernex Microsystems said its CLW project totals 3,024 units, with 1,360 delivered and 1,664 still pending. Of the remaining units, 175 are ready for dispatch and 1,025 are nearly finished at about 95% completion, with full completion expected by November 2026. After the warranty period ends, the company expects to earn Annual Maintenance Contract revenue of about 3% of capital cost per year for 11 years. Basic EPS for the quarter was 65.37 rupees versus 4.45 rupees a year earlier.
1d ago
1d ago
Malabar India Fund cuts Neuland Laboratories stake by 2.12% via open-market sale
Malabar India Fund sold a 2.12% stake in Neuland Laboratories between August 10, 2024 and August 14, 2026 via open-market transactions, totaling 272,634 shares. Following the sale, its holding fell to 648,737 shares and voting rights declined from 7.18% to 5.06%, dropping below the 5% disclosure threshold. The sale represents a strategic exit of about 29.7% of the fund’s original stake. Neuland Laboratories is also scheduled to participate in the Emkay Confluence 2026 investor event in Mumbai on August 12, 2026.
1d ago