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GNG Electronics, India's largest refurbisher of laptops and desktops, plans to raise 400 crore through a fresh issue and 60 crore through an offer for sale. The company's revenue and net profit have more than doubled in the last two fiscal years, driven by strong growth in overseas markets.
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Bharti Airtel's market capitalization surged to 11.44 lakh crore, surpassing Tata Consultancy Services to claim the third-largest company position in India. According to NSE data, TCS's market cap stood at 11.42 lakh crore. Reliance Industries leads with 19.3 lakh crore, followed by HDFC Bank at 15.34 lakh crore.
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SEBI has conditionally lifted the trading ban on Jane Street after the firm deposited 4,844 crore in an escrow account. Stock exchanges are directed to closely monitor Jane Street's dealings to prevent manipulative activities during the ongoing investigation. Jane Street maintains that SEBI's order reflects a misunderstanding of standard hedging practices.
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