ADANI ENTERPRISES FPO SUBSCRIPTION
CARE upgrades Adani Enterprises to ‘AA’, retains ‘stable’ outlook
CARE Ratings has upgraded the long-term rating of Adani Enterprises to 'AA', affirming a stable outlook. This elevation underscores enhanced financial adaptability, attributed to recent capital influx and subsidiary stake divestitures. With profit growth likely, supported by a resurgence at Kutch Copper Limited and continued airport operations, coupled with the promoter family's substantial holdings, Adani's strategic significance is reinforced.
Adani Enterprises gets rating upgrade from CARE Ratings to AA; Stable; shares up 21% in 2026
Adani Enterprises secured its highest-ever credit rating after CARE Ratings upgraded its long-term rating to CARE AA; Stable from CARE AA-; Stable. The agency cited stronger financial flexibility following a Rs 15,000 crore QIP and Adani Airports stake sale.
Airtel hikes postpaid plans by Rs 50, adds free annual international roaming
Airtel has launched new postpaid plans starting at Rs 499 that include one free international roaming trip per SIM every year, along with unlimited data and calling, safety features and bundled subscriptions. The five-day roaming pack offers 5GB data, 60 minutes of calls and 25 outgoing SMSes, and the new plans will be available from October 8.
India set to be ServiceNow's fastest-growing market in Asia
The California-based company employs 6,000 people in India – a fifth of its global workforce. India handles 45% of the company’s global delivery work, he said.
Adani Power, Bhutan's DGPC sign pact to develop 770 MW hydropower project
Adani Power and Bhutan's state-owned Druk Green Power Corporation have signed an agreement to jointly develop the 770 MW Chamkharchhu-I Hydroelectric Project. The project will be built through a 49:51 equity partnership under the BOOT model, with construction expected to begin in the first half of 2027 and commissioning within six years.
Satya Nadella reinvented Microsoft with the cloud - now, can his AI strategy make it more valuable than Apple by 2027
Microsoft, under CEO Satya Nadella, is aiming to strengthen its AI growth story amidst rising competition. The company is moving from fixed subscription pricing to usage-based billing to better align with AI economics. While Microsoft's Copilot has gained users, its adoption is still below expectations compared to Office 365.
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AMFI reshuffle: NSE may get largecap status, SBI Fund Management may become midcap in H1 CY27
Nuvama expects NSE to enter the largecap category and SBI Funds Management to become a midcap in AMFI’s H1 CY27 reshuffle. Bosch, Siemens Energy India and others may be upgraded, while several largecaps could move down. The revised classification will take effect from February 1, 2027, after H2 CY26 market-cap rankings.
Runwal Enterprises shares to list today; check GMP and key details ahead of debut
Runwal Enterprises shares are set to list on the BSE and NSE with a zero GMP, indicating expectations of a flat debut near the IPO price of Rs 305. The Rs 500-crore IPO, entirely a fresh issue, was subscribed 2.64 times, led by QIB and NII demand at 4.10 times and 4.14 times, respectively, while the retail portion was subscribed 1.19 times.
Ola Electric promoter Bhavish Aggarwal pledges 4.32% stake to fund rights issue
Last week, Ola Electric’s board approved a rights issue of partly paid-up equity shares to raise up to Rs 1,000 crore. The board is yet to finalise key terms of the issue, including the total number of shares, issue price, timing and payment terms.
Want the latest iPhone without buying it? India’s smartphone subscription bet grows
Subscription-led models for premium smartphones are beginning to gain traction in India as buyers look to lower upfront costs and upgrade devices more frequently. While EMI and trade-in programmes still dominate, services offering monthly access to iPhones, Pixels and Galaxy devices are growing, particularly among consumers in the ₹1 lakh-plus segment.
Adani Airports to revamp Mumbai T1 North section from Jan; 9% traffic to shift
Adani Airports will commence a phased redevelopment of Mumbai airport's Terminal 1 starting in January 2027. The initial phase will impact around 5 million passengers each year due to safety concerns. Airlines can temporarily shift operations to the newly opened Navi Mumbai International Airport to minimize disruptions. The redevelopment aims to increase Terminal 1's capacity by 33% once completed.
IPO Calendar: Quiet week ahead after Rs 39,000 crore September rush, but Street to see 29 listings
The momentum had picked up sharply from August, after a muted first four months of FY27, as stronger listing gains and steady liquidity pulled investors back into new issues.
Adani Group committed to investment plans of over ₹6 lakh crore in Maharashtra across energy, airports and infra
Adani Group has announced plans to invest over ₹6 lakh crore in Maharashtra across multiple sectors. The investments are aimed at aiding Maharashtra's goal of becoming a $1 trillion economy by 2030. The group has committed to significant infrastructure projects, including the management of Mumbai's airports and renewable power sourcing. Additionally, the Dharavi Redevelopment Project will transform the area with modern housing and economic opportunities.
FPO-led food exports from Haryana to Canada open new market opportunities for farmers
A 24-metric-tonne consignment of frozen food products from Haryana has been exported to Canada by Aterna Foods Producer Company Limited, marking an effort to connect Farmer Producer Organisations (FPOs) with international markets. The shipment, valued at CAD 35,140, includes frozen peas, mixed vegetables, sweet corn, peas and carrots and samosas. APEDA facilitated the export under its Financial Assistance Scheme.
IPO allotment today: Orient Cables, German Green among 4 issues; check status, GMP and listing date
The IPOs were open for subscription from September 25 to September 29. The shares are scheduled to be listed on the BSE and NSE on Monday, October 5.
Runwal Enterprises IPO enters Day 3: Check subscription status, latest GMP and other key details
Runwal Enterprises' IPO, which closed on September 29, was oversubscribed by 2.5 times according to BSE data. The IPO price band is set between Rs 290 and Rs 305, with a minimum investment for retail investors required. The listing on NSE and BSE is anticipated on October 5, following the finalization of the allotment on September 30. The company plans to utilize proceeds for debt repayment and future projects.
Market wrap: Adani Enterprises, Adani Ports, Titan Company, Wipro top gainers and losers on Nifty and Sensex on Tuesday
Indian equities extended their decline on Tuesday, with Nifty and Sensex hitting fresh six-month lows. Broader markets also weakened, while Realty, Consumer Durables and Chemicals led sectoral losses. Bearish market breadth persisted despite gains in Metals and Pharma indices.
Sebi clears Gautam, Vinod Adani of MPS norm violation
Sebi has exonerated Gautam Adani, Vinod Adani and other family members of allegations of violating minimum public shareholding norms in four group companies. However, it fined two overseas investors Rs 20 lakh each for failing to disclose complete information about their links to funds investing in Adani firms. Separately, four group companies and others settled a case by paying Rs 1.48 crore.
Bharti Airtel, Vi shares rise up to 2% after Aug mobile subscriber data. Which is Nomura’s top pick?
India added 55 lakh mobile subscribers in August, according to data from the Telecom Regulatory Authority of India. Reliance Jio continued to lead with 24 lakh new users, while Bharti Airtel gained 21 lakh and Vodafone Idea over 5 lakh. Jio holds a market share of 39.31%, followed by Airtel with 38.01%. The growth in urban subscriptions increased by 0.70% from July to August this year.
Himalaya Nutravedics, Anand Seamless shares to list today; Check IPO subscription and key details
The funds raised through the issues are earmarked for purposes including working capital, business expansion, capacity enhancement, debt repayment and general corporate requirements.
4 Adani group companies settle public shareholding violations case with Sebi. Check details
Adani Enterprises and three other companies have settled with Sebi over minimum public shareholding violations. The total settlement amount paid by the companies and directors is Rs 1.48 crore. Sebi initiated its investigation after receiving complaints in 2020 regarding non-compliance with public shareholding requirements. The proceedings were settled without admitting or denying the violations alleged in the show-cause notices. Sebi has concluded its enforcement action against the applicants post-settlement.
Sebi drops minimum public shareholding norms violation case against Vinod Adani and 4 Adani group companies
Sebi's investigation into Vinod Adani's control over offshore investments in Adani group companies has concluded. The regulator found insufficient evidence to support allegations of minimum public shareholding violations. Vinod Adani was not proven to have effective control over certain foreign portfolio investors. Relationships among parties involved did not demonstrate direct control or influence over investment decisions. Consequently, the case against Vinod Adani was closed due to lack of definitive evidence.
AceVector IPO, 2 other mainboard offers see strong demand on Day 2. Check GMP, subscription status
Three mainboard IPOs: AceVector, Runwal Enterprises and German Green Steel & Power, entered their second bidding day with strong investor interest. German Green Steel’s issue was subscribed 3.14 times, while AceVector and Runwal Enterprises were each 37% subscribed. Meanwhile, 20 IPOs are scheduled to launch next week, targeting combined proceeds of Rs 1,292 crore.
How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure bet
Gautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse sectors such as power, ports, airports, and renewable energy. This approach comes in response to prior financial challenges in India. The Adani Group aims to boost operational efficiencies and expand its capacity, resulting in improved EBITDA across its thermal power plants.
After Hindenburg: 5 Adani group companies settle disclosure violation case with Sebi
Five Adani group firms settled Sebi adjudication proceedings over alleged disclosure and governance lapses flagged in the Hindenburg Report, paying ₹1.51 crore without admitting or denying violations.
Adani group entities swap 86 lakh shares of Adani Enterprises in Rs 2,498 cr block deal
Recently, the Adani Group's promoter entities completed a significant exchange of 86 lakh shares of Adani Enterprises, worth Rs 2,498 crore via block deals. Adani Infra (India) Ltd and Adani Properties garnered noteworthy shares, while Infinite Trade and Investment Ltd divested an equivalent amount, cutting their ownership from 2.01 percent to 1.38 percent. Overall, the promoter shareholding in Adani Enterprises has shown a slight increase.
Runwal Enterprises IPO opens for bidding. Can it deliver long-term gains?
The Rs 499.83 crore Runwal Enterprises IPO is entirely a fresh issue of 1.64 crore shares, with no offer-for-sale component.
5 Adani group stocks in focus as firms settle Sebi proceedings linked to Hindenburg report
Five Adani Group companies have settled Sebi proceedings over alleged disclosure and corporate governance violations, paying a combined Rs 1.51 crore. The proceedings relate to findings arising from Sebi’s examination of issues highlighted in the Hindenburg Report.
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