Devyani International and Sapphire Foods will merge through a near-parity share-swap to create one of Indias largest QSR players with over 3,000 outlets and revenue above Rs 7,800 crore, bringing all KFC and Pizza Hut operations under one operator, with limited arbitrage and equal synergy benefits for shareholders.
More than 500 women are suing Chesapeake Regional Medical Center and its leaders. They claim hospital executives knew about doctor Javaid Perwaiz's unnecessary surgeries but did nothing. Perwaiz is already in prison for medical fraud. The women suffered severe harm and trauma from these procedures. The lawsuit seeks significant compensation for the alleged negligence.
ITC shares slid to a three-year low after a sharp two-day, 14% fall triggered by a steep cigarette tax hike, prompting multiple brokerage downgrades amid concerns that large price increases will be needed to offset the impact, risking volumes and earnings.
Indian government bonds saw a slight dip early Friday. Traders are cautious due to upcoming debt sales and a large state borrowing schedule. New Delhi will sell benchmark 10-year bonds today. Indian states are expected to announce their borrowing plans for January to March. Investors anticipate a record quarterly supply. The Reserve Bank of India is injecting liquidity.
Dividend-focused investors found several public sector stocks delivering attractive income in FY25, with yields calculated on the basis of December 31, 2025 closing prices and restricted to companies that have consistently paid dividends over the last three financial years (FY23FY25). Here's the list of top 10 dividend paying PSU stocks:
MCX shares plunged over 80% to Rs 2,192 as the stock turned ex-split on its record date for a 5:1 split, a mechanical price adjustment rather than a fundamental decline, with eligible shareholders set to receive additional shares.
Olectra Greentech shares jumped after the company began Phase-I commercial operations at its new greenfield EV plant in Hyderabad, marking December 31, 2025, as the facilitys official commercial operation date and notifying lender SBI.
2025 marked a year of sharp divergence in global markets, with overseas equities and precious metals delivering outsized returns, driven by easing financial conditions, strong earnings and risk appetite, while Indian benchmarks underperformed peers despite stable macro fundamentals.
Widespread protests have erupted across Iran, fueled by a severe economic downturn, rising prices, and a depreciating currency. Merchants, shop owners, and students have taken to the streets, leading to clashes with security forces and fatalities in several provinces. The demonstrations, the largest in three years, have disrupted daily life and put pressure on the country's leadership.
January 2026 is poised to see significant IPO activity, with five major offerings totaling approximately Rs 18,000 crore expected to test investor appetite. These include prominent companies in AI, renewable energy, coal, lending, and hospitality, signaling a potentially active start to the year for India's primary market.
