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The Tata Group currently has a combined market capitalisation of about ₹24 lakh crore.

Elevate Campuses has priced its ₹2,100 crore IPO between ₹343-362 a share, with 750 crore earmarked for debt reduction, Board director Mukesh Tiwari and CEO Narasimha Jayakumar said. The issue opens September 23.

The Nifty Bank gained 303 points to 56,359, while the Midcap index climbed 759 points to 62,191. Market breadth favoured advances, with the advance-decline ratio at 2:1.

Five stocks – Meesho, Groww, Lenskart, Infosys and Bharti Airtel, will witness an increase in their weightage on the FTSE indices. The increase in weightage will result in potential inflows from $40 million to $65 million.

Axis Asset Management CIO R Sivakumar expects corporate profits to remain largely unaffected over the next four quarters even if crude oil prices stay around $100 a barrel for another quarter, as markets focus on FY28 and FY29 earnings growth.

Investec raised its FY27 and FY28 profit estimates for Supreme Industries by 10% and 13%, respectively, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) estimates were increased by 7% and 9%.

The rupee recovered after seven straight sessions of losses as oil prices declined for a third day and traders reported RBI intervention in the currency market. However, India’s 10-year bond yield remains above 7% amid higher global yields and uncertainty…

Auto ancillary stocks NRB Bearings, Talbros Automotive, and GNA Axles jumped on Sept 18. NRB hit a 534.00 high, Talbros 475.20.

Among the public shareholders in Bombay Burmah, Mutual Funds in India had a 0.5% stake, while Acacia Partners had more than 4% stake. Over 45,000 small retail shareholders, or those with authorized share capital of up to ₹2 lakh have…

Majority of the 43 analysts who have coverage on Hero MotoCorp, have a “buy” recommendation on the two-wheeler manufacturer, and JPMorgan too, sees a re-rating potential, but with conditions apply.