Alpha Wave looks to sell 7.8% stake in Aye Finance for up to ₹320 crore via block deal

Alpha Wave India I LP is looking to sell a 7.8% stake in Aye Finance at a floor price of ₹167 per share, a discount of up to 5.5% to the prevailing market price.

Alpha Wave India I LP is looking to sell a 7.8% stake in Aye Finance at a floor price of ₹167 per share, a discount of up to 5.5% to the prevailing market price.

US stocks opened lower on Wednesday after July PCE inflation came in above expectations, while investors awaited Nvidia’s earnings report for clues on AI demand and the market outlook.

Jio Financial is moving from building its businesses to scaling them, combining Jio’s reach and technology with global expertise across lending, investments and insurance.

From GK Energy receiving a Letter of Empanelment for a contact worth ₹455 crore to Bharat Electronics securing additional orders worth ₹730 crore, here are the stocks to watch ahead of Thursday’s trading session.

The DGGI has alleged non-payment of GST on variable management fees by Max Healthcare subsidiary Alps Hospital, with the tax demand and proposed penalties totalling about ₹165.7 crore, excluding interest.

The rupee pared initial losses and settled for the day higher by 26 paise at 95.44 against the US dollar on Tuesday, driven by positive domestic markets, a weaker greenback, and a fall in crude oil prices.

India’s block and bulk deal market is closing in on ₹4 lakh crore this year despite a 7% decline in the Nifty 50. Strong domestic institutional liquidity is helping promoters and private equity investors find buyers for large stakes.

The GST notice covers four financial years and relates mainly to alleged short payment of tax on services in Uttarakhand and turnover differences. Mahindra Holidays says it does not expect a material financial impact.

While AI optimism has boosted some technology-heavy Asian markets, investors have also found value in Thailand, Malaysia and the Philippines.

According to Crisil Ratings, tyre makers’ operating margins are likely to moderate to around 11.5-12% in FY27 from 14.2% in FY26, as raw-material inflation outpaces staggered price increases.